20150821 CL1! Could go down to 33.20$

NYMEX:CL1!   Light Crude Oil Futures
39 2 3
Old 2009 support at 33.20$ on CL1!            
Yes the 33 area is an area where back in early 2009 acted as support and acted as resistance in early 2000 and 1991. I don't know what the best strategy here is to use. Definitely not long. And if short maybe Put option bear spreads. Buy Oct 40P and Sell Oct 37P.
andberg glennjoy1
I'm not a specialist to guide anyone for options, but I apply some rules for myself:
Buy or sell when there is a big move with high volatility, tomorrow is always too late.
Should invest only money you are ready to loose (completely)
Must be convince that you will predict exactly the timing and the direction of the price (rebounds are the best)
Buy options wich are having high volume within the same sector and relative low price (less than 1$) sometimes just out of the money will give very high yield (more than 100% or even higher)
Remember that options are having expiration date, if we are in the wrong way or wait too long, we will loose everything becoming unable to sell that contract
My actual strategy is we are in a down market, puts are very expensive, wait the near bottom or a big dip to buy some calls.
Act quickly. Within days.
Good luck
will follow you to see your moves on options because there is a lot of money to do with them
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out