why do I even play with gas. bought apple 127 calls for a buck for next week expirationand sold them for 1.30. thats a 30% gain just within the day. So I keep asking why am I messing with gas??? anyone feel free to set me straight.
the last time I checked the trading fee for 10 contracts was about 15 bucks (as opposed to the 8.95 for stocks). 100 contracts was about 75 bucks. they are not for everyone but I use them along with stocks. the key is to get a decent price. .20 is a good multiple if we get any movement
yes sir, as long as I either sell the contract or buy shares. we've had a few that fizzled and a few that went up a dollar or more in some cases
next weeks 14 dollar calls are-were selling for .20 cents. how hard is it gonna be for this thing to get over 14.20? so eskimo purchased 100 contracts. will report back next week.
trading wise, bored beyond belief here. with any spare time, been truing apple puts and calls for a little money to go to carmines later. gas trading used to be exciting.
this morning. I got calls so I have an ax to grind but if we pierce that 2.57 level whats gonna stop a retrace to 2.00 ish? just no confidence in gas right now. I've never seen it this weak in february.
what do you guys think about the potential for a refinery strike?. I'm thinking if that happens even more oil goes into storage as it can't be processed. The saudis don't need any more rigs to keep flooding the market so I'm thinking what we saw this week is just temporary short sq. Now if theres a longshore strike then I guess we can't the oil out of the tankers.