Tags » Crude Oil Futures

Selling Crude Oil December Futures

Sold 60c@$250 and closed on the same day for $200. Nothing much to see here..

Basis:

  • With a longer term trade with around 45 days to go, getting 20% of premium value within a day enticed me to close early and free up margin for more trades.
/CL

Selling Crude Oil November Futures

Sold 52C@$310 and closed the next day at $270. Sold 52C@$210 and closed the next day at $170. Strangled at 55c@$70/42p@$50.

Basis:

  • I cant remember why i closed those 52c trades so fast, but it could be due to a lack of confidence during that period of time.
  • 8 more words
/CL

Selling Crude Oil October Futures

Did a short term 49c@$40/40.5p@$50 strangle.

Basis:

  • Placing trades near price areas where a reversal had occured. I would definitely prefer to place the trades right on top or behind the reversal regions but the premiums collected would have been really low.
/CL

Selling Crude Oil September Futures

Sold the 49c/38p strangle at $170 per strangle.  45p@ $70 for a shorter term trade too.

Basis:

  • the 38p part of the strangle was put behind regions of price reversal.
  • 53 more words
/CL

Crude Oil Futures Slump to New Lows on OPEC Shambles

Crude oil prices hit a three-month low Monday and are testing the multi-year low they hit in August after a chaotic OPEC meeting on Friday ensured that the price war unleashed by Saudi Arabia last year will last well into 2016. 470 more words

Leadership