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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 378.35+2.7%4:00 PM EST

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To: Pogeu Mahone who wrote (187310)5/5/2022 3:53:40 AM
From: TobagoJack1 Recommendation

Recommended By
dvdw©

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Re <<Europe's ban of Russian oil>>


All bullish

zerohedge.com
EU Takes Aim At Russia's Ability To Insure Oil Transport In 'Iran-Style' Sanctions Escalation

zerohedge.com
Russia's Largest Shipper Races To Sell Third Of Fleet To Satisfy Western Loans

zerohedge.com
US East Coast Diesel Stockpiles Hit Record Low As Fuel Crisis Nears
Effects on XOM ? ... since I have no dividends coming from Alaska, the state, I reckoned I best help self by way of XOM :0)

- had bought XOM outright
- shorted XOM puts to get more cheaper, or help to pay for what I bought, or
- to finance to buy on XOM calls

I prefer win-win-win wagers

am in the camp that says China Covid recovery in June, and once so, oil ramps, and if oil does not ramp, would mean something else, likely bad, happened somewhere, and presumably okay for gold ...

Big decision ... which of the multi-legged wager do I close out?

As a discipline I rarely hold option positions to the end, preferring to either close out along the way, or roll 24-72 hours before into (ideally) same strikes further into the future





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