coolhand - 3/30/2020 21:31
kggonzo - 3/30/2020 20:32
I got out at $20.81.
I'll look to get back long around $20.00 again
$1600+ is always a weak spot for me too. Make that in a day, I almost always take it.
I’m long 2 minis myself. I was pulling for your $24. That would be a great out for me. I want to get short the June and keep rolling that short to gain carry but be long somewhere 6-8 months out. I figure if the lead month finally catches traction I won’t get burned too bad as the differed will rally some. If I can roll twice I’ll be in the money for good.
Carry has really built in. I feel foolish for not acting on that 2-3 weeks ago, I new it was coming, same as the 2009 oil market.