@1808
Update: covered
@1808
Update: covered
@137.72… Target 144.
Update: out @141
Bought @168. Target 194 and looking to sell a 195 call.
Update: out @190
Added more shares after today’s drop. Target 500.
Update: out due to 535 call assigned
After a few days of trading CL, it turns out that a big factor moving the oil market is the FX rate change, specifically, EUR/USD pair. A calendar spread on CL will remove this FX factor so the focus can be on the oil price actions.