No Cerveza... No Trabajo
Join Date: Jun 2002
Location: Where's my beer?
Sorry, cannonball, for my ignorance. I'm thinking oil is going to be heading down so I'm looking to finally get out of the puts (buying a contra). It is getting pretty close to my "pressure point" for bulls so I'm looking to take another position and consider, for the moment, oil is bearish.
Do you think I should employ a Bull Call Spread or a Bear Call Spread? I do think as it gets to 115-116 there might be some volatility in the market as the bears and bulls fight. Do you think, maybe, watch the market on Monday and employ a Long Straddle on Tuesday or Wednesday?
Thanks in advance.
My 401K is now a 400K (was 301K)