Been trading the USOIL price drops in shorter timeframes yesterday and today (1h.) banking 10 and 20 pip moves,
so I got my confirmation and I am beginning to open long put positions. Price targets for futures traders to serve as entry points (NOT option strikes prices, diff. strategy there :) are at 59,57,55, and a big monthly one at $51 (this is the one I'm aiming with my puts. Options pay with volatility, so even if it doesn't get down there, closing the gap fast enough will be a great reward for an options trader).
Good luck to all of you trading out there!
so I got my confirmation and I am beginning to open long put positions. Price targets for futures traders to serve as entry points (NOT option strikes prices, diff. strategy there :) are at 59,57,55, and a big monthly one at $51 (this is the one I'm aiming with my puts. Options pay with volatility, so even if it doesn't get down there, closing the gap fast enough will be a great reward for an options trader).
Good luck to all of you trading out there!