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There is a lot of truth in that article Ron. I would trade it accordingly but would keep my position smaller than usual just so I would be able to deal with the volatility. During the next week or so before the strike on Syria I will look to sell some CLZ13 150C or 160C on a rally. That's my two cents worth on CL options..................Thoughts anyone?
Can you help answer these questions from other members on NexusFi?
These options are now .0005 bid, with 20 days to expiration. Based on last night's margin requirement, I get 14% monthly ROI after commissions. Theoretical price is .0001.
Not a good of a deal as last week, but still a pretty enticing return...
Kevin, did you notice how there were too high bids for strikes 3.54 to 3.90. I suspect a software program is confused by the .0005 trade in the 3.95s and putting in those too high bids.
Yes, I did notice that. I wasn't sure what was going on, but I did notice around 3.54 that the bids were above theoretical price, which was reversal from lower prices. That made me think a good deal was to be had. I only picked up 20 of them, though...
anyway, I just check from TOS, there is 200 OI for the HO Oct. 3.90, no volume at all, or any volume on any strikes. when I try to put in a trade, it come up as not tradable. Did you put it through OX?
The only tradable stuff from TOS is ES NQ CL CG SB, NG. Not as many as Kevin listed.