$XOP - Considering Going Short
Updated
In w/ Back Ratio Spread on this.
What do I have to lose. If It moves to retest $40. I will make $$$, If it goes ape **** and runs away to $60 I will keep the tiny $ credit from the spread.
As long as it doesnt chop in a range. I make $, whether it is $ or $$$$ is a waiting game.
What do I have to lose. If It moves to retest $40. I will make $$$, If it goes ape **** and runs away to $60 I will keep the tiny $ credit from the spread.
As long as it doesnt chop in a range. I make $, whether it is $ or $$$$ is a waiting game.
Note
If you havent gotten in with a Back Ratio, Here is an intraday trade setting up. Wait for the 15 min candle to form. And then, Watch for an entry based on your timeframe entry.
Note
Infact two of my Pullback Strategies Setting upNote
Will be looking for a Roll on this position. The Valley of Loss is deepening as I am getting closer to expiration. Its better to roll with a breakeven or tiny loss, just my decision.Note
If you did the backspread - Exit now. You should not be losing $$1..... Mine is about to expire this week. No need to expose to the Risk Valley, even if it is one day.
Uday C Santhakumar
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