OIL is back in the picture. The last evolution hit (bearish) would have made tons of money, and it was documented in this blog.
This time OIL is a bullish hit. The price is 5.5389, but it became solid on the hourly at around the 5.48 price. We can't expect to be perfect going forward, and this is an example of that. So I'm going with the first price.
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ReplyDeleteEDIT: I am long OIL Dec16 5.00 Calls @ $0.90 on 09-07-16
ReplyDeleteSold OIL Dec16 5.00 Calls @ $0.96 on 09-09-16. Lost $5.00 total on trade including trading costs (my first loser). Just didn't like the way the EVO set-up looked (SD up leg) so got out to free-up funds for a better trade set-up.
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