• THEWIZARD :

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• warrior-sailormoon : I am holding long. May i know what does that mean by “cover the long position “
  Enlighten me pls. Thanks SpyderCall

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• warrior-sailormoon : Looking forward tomorrow G7 meeting (Thursday or Friday) for price cap n Russia’s action to this matter and OPEC plus immediate action on the oil price crash. I think most of the solutions will resurface once price cap is being discussed

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• SpyderCallスレ主 warrior-sailormoon: It can be a lot to explain. But it is a strategy using options. Basically if you are holding a long position and you don’t want to sell it when the price starts dropping then you would cover your long position by selling and options call contract. This way you can retain the gains until the price starts moving up again. When the price starts to uptrend again then you would buy back the call that you sold. That is basically how it works.

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• SpyderCallスレ主 warrior-sailormoon: Possibly. I can see that happening

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• warrior-sailormoon : Holding super long almost to the max but mid term play (super long just to lower down my risk) Either i DCA down my long or cut lose and enter again but my gut tells me to hold for awhile more as OPEC can’t be sitting looking the oil crash as they’d mentioned on Monday’s meeting and todays news also reiterated a simple tweak will be made to keep oil price to its fundamental

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