04-08-2020, 01:31 PM
(04-08-2020, 01:19 PM)Otter Wrote:(04-08-2020, 12:46 PM)fenders53 Wrote: Stuck in an up oil day before the meeting. I'm about even in my USO put buy. Small position so I'll take a chance and see if OPEC announces the necessary massive production cut back. I am skeptical. I am saying there is still a chance for my position lol. If not I'll move one for now.
Hoping you get lucky with a sell the news situation tomorrow heading into a 3-day weekend.
Bought a small amount of 5/22/20 VXX 42 Calls today, betting on another significant spike in volatility between now and end of May, as earnings roll in.
Its a small enough trade. Just trying to learn a new game. I'll call it tuition if necessary, but I honestly don't see anything happening tomorrow that makes a lasting difference. For a few day? Sure. The oil market does love to move.