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August 15th, 2008, 09:10 PM
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Oil Trade. up $2100
Alright we got an oil trade here. It looks like oil is completing the A wave and could be on the way up.
I never like to buy at the market. I let the market come to me. I want to buy oil at 116 in September and put a stop at 109. The close price in sep was 113.77.
I'm also going to buy a put option at the money (116) in Dec for around
$10,710.
Those that are trading on smaller accounts can always go into the mini oil. Options aren't that liquid on minis so you can write some options outside of the money to hedge the position.
I normally like to see a change of trend before I trade. This is somewhat of a risky trade basically predicting the change of trend. Little bit of an experimental trade but we will see what happens.....
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Trading futures contracts carries a high level of risk, and may not be suitable for all investors. Before deciding to trade commodities you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
http://www.commoditiesview.com
Last edited by matthew : August 16th, 2008 at 02:27 AM.
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August 17th, 2008, 09:31 PM
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Going to move my buy order to 116.50
__________________
Trading futures contracts carries a high level of risk, and may not be suitable for all investors. Before deciding to trade commodities you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
http://www.commoditiesview.com
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August 18th, 2008, 08:45 PM
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I'm going to exit the put option I purchased at 116 in Dec. for a profit of $500.
I'm going to rethink this trade. I'm going to go into the mini contract of oil since most traders on this site aren't trading very large.
I'm going to wait until I see a change of trend then enter the market. I will write some call options outside of the money to hedge my stop.
__________________
Trading futures contracts carries a high level of risk, and may not be suitable for all investors. Before deciding to trade commodities you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
http://www.commoditiesview.com
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August 21st, 2008, 01:14 PM
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Man we are up in oil today....I didn't buy but I think I will and back the position with a put option...will keep you posted
__________________
Trading futures contracts carries a high level of risk, and may not be suitable for all investors. Before deciding to trade commodities you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
http://www.commoditiesview.com
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September 8th, 2008, 12:00 PM
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buying oil in dec at 110. placing stop at 105. Buying put option in Dec 107 at 7660.
__________________
Trading futures contracts carries a high level of risk, and may not be suitable for all investors. Before deciding to trade commodities you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
http://www.commoditiesview.com
Last edited by matthew : September 9th, 2008 at 10:40 AM.
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September 9th, 2008, 08:22 AM
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Moved stop down to 100
__________________
Trading futures contracts carries a high level of risk, and may not be suitable for all investors. Before deciding to trade commodities you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
http://www.commoditiesview.com
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September 15th, 2008, 09:13 AM
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Sold put option for 15,100. Made profit of 7440 on the option but took a loss of 10,000 on the futures contract we are down close to 2000 on this trade I will be buying oil shortly.
__________________
Trading futures contracts carries a high level of risk, and may not be suitable for all investors. Before deciding to trade commodities you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
http://www.commoditiesview.com
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September 18th, 2008, 08:42 PM
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We are going to buy oil again. buying Dec oil at 99.5 placing stop at 94.5. Buying put option at 98 in dec for $8080
__________________
Trading futures contracts carries a high level of risk, and may not be suitable for all investors. Before deciding to trade commodities you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
http://www.commoditiesview.com
Last edited by matthew : September 22nd, 2008 at 08:39 AM.
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September 19th, 2008, 09:37 AM
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Correction. I'm not selling oil I'm buying it.
__________________
Trading futures contracts carries a high level of risk, and may not be suitable for all investors. Before deciding to trade commodities you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
http://www.commoditiesview.com
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September 22nd, 2008, 08:50 AM
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Selling the dec put option for 6000. That's a 2000 loss on the option and a $7000 gain on the futures contract. I'm going to move my stop to a break even point. Setting my stop at 101.25 in dec.
__________________
Trading futures contracts carries a high level of risk, and may not be suitable for all investors. Before deciding to trade commodities you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
http://www.commoditiesview.com
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