The Speculative Stocks....

[fenders53]

(04-20-2020, 11:04 AM)Otter Wrote:

(04-20-2020, 10:16 AM)fenders53 Wrote:

(04-20-2020, 10:08 AM)Otter Wrote:

(04-20-2020, 09:57 AM)NilesMike Wrote:

(04-20-2020, 09:35 AM)Otter Wrote: 1/21/22 $4 USO Calls this morning at $1.24/contract. Crude at $11/bbl. Wow.

.88 Now

Unbelievable

Showing $1.26 now for the 1/21/22 $4 calls. Not sure where you are getting $0.88

He may have looked at JAN2021. It was in the low .90s a few minutes ago.  He scared you didn't he?  

LOL, a bit.

Closed out all of my SPY Puts for a 300+% gain. Tax liability to a high yield savings account, similar sized bet to original SPY bet on USO LEAPs, and rest to cash to eventually fund more DGI equity purchases (am in no rush on that one).

I'm going to keep my SPY puts for awhile. They are down but I bought them for a small hedge and they still serve that purpose.  If the market doesn't pull back I'll sell them in a few months before decay gets them too bad.  I intend to go long oil again but the method hasn't been decided.  Oil is so low that we are about to the point where you can't screw it up as long as you give yourself plenty of time.  I am still wary of the majors because they are going to have to do crazy things to pay Divs if oil doesn't triple soon.  I'd buy a major that cut the Div, but I need a discount from current SPs.