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Bought 700 GUSH $8 calls @ $3 a copy-it is a Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares

Posted by Richard640 @ 9:52 on July 22, 2019  

When crude is high, GUSH goes high! Last trade is $5.35–I’m not wasting any money on near the money options–either GUSH blows its stack or zthe trade’s a write-off….

GUSH had its last stock split in 2017—on October 11th 2018 GUSH was 40.24

I”m only doing this trade predicated on the possibility of the Gulf “going hot”—By. that I do NOT mean Iran and Hezbollah [in S. Lebanon] fire off 2000+ missiles. at. Israel–[and  Israel incinerates Teheran with  a Nuke]– at U.S. ships in the gulf or take out all of Saudi Arabias oil infrastructure…or that. the U.S.  takes out Irans nuke installations with bunker buster atomic bombs…I am talking about simply Iran hitting a U.S. ship with one missile and killing sailors…then the U.S. takes out all their naval. bases…that is an escalation to a “hot war”…of course the really hot actions I described…leading to “Total Krieg” can’t be ruled out..if any of that happened oil would be 100 or 200 a barrel in a few days…

 
GUSH had its last stock split in 2017—on October 11th 2018 GUSH was 40.24
-I am only going out. a month—that’s 4 full trading weeks…to see if the Gulf blows up—if nothing has channged after a month, I may take another months coverage—this way I keep my cost to 4 or 5 bucks an option…the issue is already hot causa the tanker seizure…now is the time window…and maybe another month…if noting blows up after that then we’ll know the matter will be settled diplomatically…crude was just up about 1.30…now it’s up just.  22. cents…that’s good—it will allow for a good fill…no one is worried…and they probably are right..to repeat: I am only taking this  throw away trade for the possible Mega-Millions odds/leverage if I’m right…

FilledBuy to Open200GUSH Aug 16 2019 8.0 CallLimit0.03—-09:39:48 07/22/19

 FilledBuy to Open500GUSH Aug 16 2019 8.0 CallLimit0.03—-09:35:51 07/22/19

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.