Short Oil Through 40, Target 37.55

Crude continues to lack support through $39 by simonsays452 on With no real support until the 50% fib retracement at 38.76 and consolidation zone support at 37.55, crude looks destined to continue lower. Options markets are pricing August expiry at 36.69 on the downside and crude volatility is breaking out of a quarterly downtrend. […]

$FB Vol Carry

Now that I’m settled into a new job in a new city and my gold short has been a total flop, let’s try to make some money! Next Wednesday, $FB reports. Today, we saw beautiful price action against an awful tape. What’s more, IV actually ticked down! Given post-Brexit’s face-ripping rally, options markets appear entirely lacking […]