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SE Iowa | You are correct… this is a supply scare in a bad demand market..but you have to respect the wx. .. so whats a guy to do… ? Gotta get some protection on for that “what if” or the “oh crap momment”forcasts puts in a glob of green.. on this move…(i suspect there will be fireworks come monday) use nearby puts esp if nothing has been done.. use new/crop short dated options or trailing stops on longs. ..we gonna have to reward the market even when its the hardest thing to do.. but pick the spots and ways to do it… even start looking at 24 stuff..
Bottom line 5.50z gotta think bout somthing..puts? we can still see 4.50 yet so people got to stay calm keep yer heads and make good biz moves and not get caught up in the “pumpers”.. | |
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ring the bell
