Bought USO puts because I was hoping that oil would fall a couple of % as the ceasefire holds. Finished up work and took a short nap (I live in Dubai, so the market opens at 5:30pm). Woke up to the Iran announcement that the Strait is open, oil down 10% and this.
Actually, my gains were TWICE this the moment the market opened. Got greedy and sat on it until market close… hoping gains will increase, bad decision.
And BA was just a fluke. It fell 6% the day before, I was like “it’ll come back”.
https://i.redd.it/xecl70o9g0wg1.jpeg
Posted by nzaar
4 Comments
“As the ceasefire holds.” They’re legit don’t even have a ceasefire. 🥭 and Iran are simply tweeting as they buy puts and calls on oil.
Congrats but USO was also a fluke
I’m glad you booked profit (or at least the portions I can see), cuz the unrealized game gains aren’t yours til you sell it. Always always book profit, don’t get greedy, and don’t lose money.
Gamble paid off. Congrats.