“The water cooler at the oil traders office!”
Today’s crude oil setup all messed up for the NADEX call spreads … way out
of line last night at the open, and after putting in an above average range
overnight, premiums on the new call spreads around 8 AM EST, provided no
comfort as premiums were too high … just to much ground to cover to make
any money for the risk … around 8 AM EST, the 61.50 floor & ceiling costing
about 60 cents for a volatility position … maybe at the low you might have
been up a few cents … dunno … but in any event it wasn’t much if anything
… now with the market climbing back and closing near expiration right at
61.50, you’d be lucky to get 5 cents for the both of them … like I said, too
much premium to cover for the range already put in last night.
Maybe if it’s not too much trouble for the knuckleheads at NADEX to give us
call spreads that aren’t deep in or out of the money, that might be nice … I
won’t hold my breath for any relief anytime soon … I’ve talked to them about
this problem, and they don’t even want to listen to what I’m saying … in other
words, they’re just like Turnkey.
So, we’ll see what the open brings tonight … tomorrow sees crude oil
inventories, so if premiums are reasonable and NADEX doesn’t blow it,
conditions for a trade tonight should be good. We’ll see. Until tomorrow mi
amigos … Onward & Upward!!
Have a great day everybody!
-vegas
OUR NADEX SIGNALS SERVICE IS UP & RUNNING … DAILY
WTI CRUDE OIL SIGNALS … “what on earth are you waiting for”?
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