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TGIF!
Phil’s Stock World —
... I selected the USO Jan $27s at $6.65 with a $1 stop loss as the frantic selling at the NYMEX seemed to be fueled by today’s December contract expiration but, with oil now falling to $33.50 in pre-market trading, I’m going to call for a roll to the $25s for $1.40 or less. We had a similar sell-off on expiration day on Nov 20th and speculators were caught yesterday ...
TGIF!
Trading Goddess —
... I selected the USO Jan $27s at $6.65 with a $1 stop loss as the frantic selling at the NYMEX seemed to be fueled by today's December contract expiration but, with oil now falling to $33.50 in pre-market trading, I'm going to call for a roll to the $25s for $1.40 or less ($8 total). We had a similar sell-off on expiration day on Nov 20th and speculators were caught yesterday ...
Related: stocks + oil + uso
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Daily Markets
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