VBIN's oil stock thread.

[vbin]

(02-24-2021, 03:04 PM)fenders53 Wrote: Just go gradual with your moves. That is almost always good advice. The list of things that can throw a curve at ANY commodity is almost endless. Oil is among the worst for predictability IMO. I sell a lot of covered calls. I'm usually sorry if I go all in on any narrative and commit it all on that day. Short duration calls are usually best when you are unsure. You can usually dance out of them and squeeze your forced sale a little higher and collect at least a little more premium selling time. I did some of that today.

Yeah, I have same thoughts. I would still have a lot of oil. At the moment I have sold covered calls on 1/3rd to 1/4th of my remaining oil positions.