USO Long, option trade with big stop buffer
تم تحديثه
Important Note: USO long term target is "0". It is only good for short term trading. If it sounds strange, please google the reason.
Existing Condition:
1. Double bottom pattern
2. Breakaway Gap(G1), trend line break.
Stock Entry between: open and under 2.80
Stop: 2.2 (down to new low)
Target1: 4.2; risk/reward=1:2
Target2: 5; risk/reward=1:3
Prediction: Next Breakaway Gap(G2), next trend line break.
In option trade, I bought 2021 Jan Call Butterfly C3/6/9 (Delta 0.26), limit 0.47;
Sell P2 (Delta -0.21) Limit 0.46;
Total simulate long 47 shares stock for free.
Stop below 2.
According to Today's oil futures price: (Following futures could be found in Tradingview Futures list. In other platform, the symbol might be different.)
Jun (CLM2020) from $13 to $18;
Jul (CLN2020) from $18 to $23;
DEC (CLZ2020) from $28 to $30;
I estimate Oil price will go up from the bottom in June .
This is a trading school homework. I need 6 months to practice trading plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
Existing Condition:
1. Double bottom pattern
2. Breakaway Gap(G1), trend line break.
Stock Entry between: open and under 2.80
Stop: 2.2 (down to new low)
Target1: 4.2; risk/reward=1:2
Target2: 5; risk/reward=1:3
Prediction: Next Breakaway Gap(G2), next trend line break.
In option trade, I bought 2021 Jan Call Butterfly C3/6/9 (Delta 0.26), limit 0.47;
Sell P2 (Delta -0.21) Limit 0.46;
Total simulate long 47 shares stock for free.
Stop below 2.
According to Today's oil futures price: (Following futures could be found in Tradingview Futures list. In other platform, the symbol might be different.)
Jun (CLM2020) from $13 to $18;
Jul (CLN2020) from $18 to $23;
DEC (CLZ2020) from $28 to $30;
I estimate Oil price will go up from the bottom in June .
This is a trading school homework. I need 6 months to practice trading plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
تم فتح الصفقة
In option trade, I bought 2021 Jan Call Butterfly C3/6/9 (Delta 0.26), limit 0.47;Sell P2 (Delta -0.21) Limit 0.46;
Total simulate long 47 shares stock for free.
Stop below 2.
ملاحظة
Since I knew that USO is not good for long term up direction, I will Long USL to long Oil, and short USO to short Oil. 4/28/2020, USO shares will be merged from 8 to 1. The only problem in USL is its options are not actively traded as USO. I have to pay $0.1 more than the mid price to get filled.
تم إغلاق الصفقة يدويًا
Closed with small loss. Today, USO down 16%, USL down 7.3%;
I will Long USL to long Oil, and short USO to short Oil.
إخلاء المسؤولية
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