10x USO calls shot up $20,000 monday morning and then dropped $30,000 to a $10,000 loss monday afternoon.
10X BNO calls shot up $3,000 and then down $4,000 over that time period.
I had the tough choice of walking into traffic or rolling to a lower strike price. As you can tell, I rolled to a lower strike price..
Then to make matters worst Mr Margin Called and said I need something called “liquidity”
I chose to close my beloved and very profitable Carvana Puts and keep my deeply red Oil Calls.
Tues and Wednesday took back that $10,000 Oil loss and back to even on the month. Still bitter about my Carvana puts. Of course CVNA spewed red all over the carpets today.
Holding on for dear life.
U/bflo-retail