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To my option chart spreadsheet I added fees per contract in cell I4 so that you can get a true Net P/L and ROI%.
Also in cell L2 I added an excess factor for the cash excess on top of margin. A factor of 2 would be the margin plus 2X times margin in excess. So $500 margin + $1000 excess would be $1500 margin and excess.
Wondering if the low pressure system trying to form in the Gulf of Mex has the oil platform people thinking about shutting down for a few days? I know we need the rain here in NW Florida....
Hurricanes don't matter as much for crude oil production. The US is down to 17.7% of its oil production coming from offshore in the Gulf. It was 29% 3 years ago.
But they would still matter if they affected oil refineries.
Gulf oil production peaked at 1,752 b/d Sep 2009. March 2013 it was 1,262.
For NG, Gulf production is down too. March 2010 NG from the Gulf was 210,438 for the month. March 2013 it was 119,622. 4.7% of US production. Before 2002 it was 400,000+.
Well SHugar Ron. You were supposed to say "Yes, that's exactly right!"
Wondering why the production in the Gulf is down. There has been so much news about the US slowly becoming oil independent because of the new drilling methods, oil fields, and more fuel efficient vehicles. Are the fat oil barons purposely slowing down production in hopes of causing a shortage scare to support prices? We'll never know. Oil companies will always and forever have control until I get my patent on my cold fusion drive. That'll show 'em!
OX doesn't show settlement prices but you can get them by subtracting today's change from the current price. That is available on the Order Detail page. The Option Chain page. And your Positions page.