thomberg1201 9:02 am on Tuesday, November 29, 2016
Tags: ShortPuts ( 4,763 )

#shortputs USO sold Jan. 20,…

#shortputs
USO sold Jan. 20, 9.50 put for .47

prvtrader 9:24 am on Tuesday, November 29, 2016

You are aware of the OPEC meeting resolution expected tomorrow; right?
- tabortrader 9:43 am on Tuesday, November 29, 2016
  
  Tomorrow’s price action is worth watching. Vol and OI heavy for Dec 9, 9, 10, 11 strikes at 20,000 contracts…total OI is insane…
- thomberg1201 10:43 am on Tuesday, November 29, 2016
  
  I am and it seems volatility is up. I’ve been stuck with shares of USO and selling calls has brought small change for quite some time until now. I’ll take 100 more shares at 9 but I don’t think that will happen. Thank you for pointing it out, I do appreciate it.
Addy 9:47 am on Tuesday, November 29, 2016

Iraq and Iran are trying to bluff Saudis policy of manipulating oil prices
- thomberg1201 10:44 am on Tuesday, November 29, 2016
  
  Addy-do you have an opinion on what will happen?
  - Addy 11:34 am on Tuesday, November 29, 2016
    
    Saudis planing to reduce oil production and wants OPEC members doing the same, but Iran and Iraq will produce more oil that will result in cheap prices. Iraq needs money financing its war with isis, while Iran is fighting with Saudis to control the Middle East.

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