# The "Oil Prices" thread. **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [March 10, 2008, 10:44am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739 "2008-03-10T10:44:58Z")\ **Posts on this page:** 20\ **Page:** 91
**Author:** ![boxxa](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/boxxa/32/5045_2.png) [@boxxa](https://forums.speedlife.net/u/boxxa)\ **Post date:** [April 7, 2015, 8:30am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1801 "2015-04-07T08:30:23Z")
Still long at 20x for now. Futures all through 2015 and 2016 all are moving up and bullish so will let this run until something happens or at least until the end of the month when the contracts close. ---
**Author:** ![snowracer101](https://avatars.discourse-cdn.com/v4/letter/s/258eb7/32.png) [@snowracer101](https://forums.speedlife.net/u/snowracer101)\ **Post date:** [April 8, 2015, 1:47am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1802 "2015-04-08T01:47:49Z")
My buddy got in $BTE in the high $13s. it’s at 17.69 now…and a monthly dividend payer… mmm oil, making millionaires daily. ---
**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\ **Post date:** [April 8, 2015, 5:56am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1803 "2015-04-08T05:56:04Z")
It really is helping my car budget for the summer. 🙂 Now I need bonds to tank to setup my next trade but that is a june or later move I think. Or I could be flat wrong like I have been the last two years… ---
**Author:** ![boxxa](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/boxxa/32/5045_2.png) [@boxxa](https://forums.speedlife.net/u/boxxa)\ **Post date:** [April 9, 2015, 11:36am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1804 "2015-04-09T11:36:16Z")
Interesting mention. As the US and Iran build relations, could be another stir up in the oil markets. > **[Oil prices could be $5-15 lower in 2016 if Iran sanctions are lifted: EIA](https://www.livemint.com/Money/fINqk3Z17TpXcrf8DQ2P0I/Oil-prices-could-be-515-lower-in-2016-if-Iran-sanctions-ar.html)** > > Lifting of sanctions against Iran if a nuclear pact is concluded can significantly change forecast for oil supply, demand, and prices, EIA says ---
**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\ **Post date:** [April 15, 2015, 11:25am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1805 "2015-04-15T11:25:50Z")
Someone get me a cowboy hat and some pistols. ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [April 15, 2015, 5:46pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1806 "2015-04-15T17:46:14Z")
Almost back to even! ![http://vignette3.wikia.nocookie.net/simpsons/images/2/2d/The_Rich_Texan.png](http://vignette3.wikia.nocookie.net/simpsons/images/2/2d/The_Rich_Texan.png) ---
**Author:** ![snowracer101](https://avatars.discourse-cdn.com/v4/letter/s/258eb7/32.png) [@snowracer101](https://forums.speedlife.net/u/snowracer101)\ **Post date:** [April 15, 2015, 11:33pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1807 "2015-04-15T23:33:17Z")
shoulda stayed in today… sold yesterday @ $2.95 for a nice gain in a few days. ---
**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\ **Post date:** [April 16, 2015, 6:34am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1808 "2015-04-16T06:34:20Z")
Im in still. If it looks like im going to get beat on my calls I buy them back and resell to a higher strike at a later date. Right now im tied to UCO $9.5 Strike May 1st which will likely be my exit from oil for a bit but lot can change from now. If it starts have a big run like yesterday and I can walk before then I will. Last week on the dip to 7.7 I bought another 1k shares too. Once Oil is closed for me I am betting the 10yr treasury will not be staying under 2% much longer. So I would like to start shorting some bonds up to if/when we have a rate hike June-Sept ---
**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\ **Post date:** [April 16, 2015, 7:54am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1809 "2015-04-16T07:54:50Z")
[http://finance.yahoo.com/q?s=tmv](http://finance.yahoo.com/q?s=tmv) ---
**Author:** ![snowracer101](https://avatars.discourse-cdn.com/v4/letter/s/258eb7/32.png) [@snowracer101](https://forums.speedlife.net/u/snowracer101)\ **Post date:** [April 16, 2015, 2:51pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1810 "2015-04-16T14:51:11Z")
what brokerage are you using? I was using ThinkOrSwim through TD ameritrade… but commissions start to eat up quite bit with a lot of trades… I started using Robin Hood… seeming to have good luck with it… and NO commissions ---
**Author:** ![snowracer101](https://avatars.discourse-cdn.com/v4/letter/s/258eb7/32.png) [@snowracer101](https://forums.speedlife.net/u/snowracer101)\ **Post date:** [April 23, 2015, 12:53pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1811 "2015-04-23T12:53:46Z")
So, in 22 days, I’ve yielded 34% trading $UWTI. Also, I’ve been using the app Robinhood so no commissions. Just wish I had more faith in the app, too afraid to dumb a lot of capital in it. ---
**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\ **Post date:** [April 23, 2015, 12:59pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1812 "2015-04-23T12:59:50Z")
I am up 29% on my UCO and have also collected $.50 in covered calls. Still not positive on my plan from here. Part of me says once a call strikes I will walk and part of me wants to stay in the trade long enough to pay long term cap gains tax. ---
**Author:** ![TradersBASE](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/tradersbase/32/5321_2.png) [@TradersBASE](https://forums.speedlife.net/u/TradersBASE)\ **Post date:** [April 23, 2015, 1:15pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1813 "2015-04-23T13:15:35Z")
> [@cougarspeed](#): > > I am up 29% on my UCO and have also collected $.50 in covered calls. Still not positive on my plan from here. Part of me says once a call strikes I will walk and part of me wants to stay in the trade long enough to pay long term cap gains tax. Scale out some, reduce open risk and lock in partial profit? > [@snowracer101](#): > > what brokerage are you using? > > I was using ThinkOrSwim through TD ameritrade… but commissions start to eat up quite bit with a lot of trades… I started using Robin Hood… seeming to have good luck with it… and NO commissions Try to negotiate commish. I did with TOS pre TD Ameriturd and have low fees. 8) ---
**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\ **Post date:** [April 23, 2015, 1:24pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1814 "2015-04-23T13:24:55Z")
Yeah I might do that although I am comfortable risk wise I will make moves likely based on when I see a more attractive trade id rather have funds in. Until then I will keep selling calls as I suspect it ends up range bound by July-August. ---
**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\ **Post date:** [May 5, 2015, 8:46am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1815 "2015-05-05T08:46:02Z")
> [@cougarspeed](#): > > I am up 29% on my UCO and have also collected $.50 in covered calls. Still not positive on my plan from here. Part of me says once a call strikes I will walk and part of me wants to stay in the trade long enough to pay long term cap gains tax. 41% and another 10% selling calls(buyback on dip lock profits) 14% on TMV. I think this has longer legs ---
**Author:** ![Blue\_Eyed\_Devil](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blue_eyed_devil/32/7292_2.png) [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)\ **Post date:** [October 8, 2015, 6:00am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1816 "2015-10-08T06:00:15Z")
So they just found a HUUUUUUUGE oil reserve in Israel. Imagine that! Thanks Illuminati Rothschild and Cheney and Murdoch. Oh and thanks for the land Syria. > **[Potentially game-changing oil reserves discovered in Israel](http://www.foxnews.com/world/2015/10/07/potentially-game-changing-oil-reserves-discovered-in-israel.html)** > > After Israel complained for years that it was surrounded by oil-rich states but didn’t have a drop within its own borders, it appears there’s a big-time turnaround with the announcement Wednesday that massive oil reserves have been located in the... ---
**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\ **Post date:** [October 8, 2015, 6:16am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1817 "2015-10-08T06:16:59Z")
![http://media.makeameme.org/created/illuminati-pynras.jpg](http://media.makeameme.org/created/illuminati-pynras.jpg) ---
**Author:** ![Blue\_Eyed\_Devil](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blue_eyed_devil/32/7292_2.png) [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)\ **Post date:** [October 8, 2015, 6:45am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1818 "2015-10-08T06:45:17Z")
Do we need one of these memes for Israel now? 😉 ![http://www.nyspeed.com/attachment.php?attachmentid=35632&stc=1](http://www.nyspeed.com/attachment.php?attachmentid=35632&stc=1) ---
**Author:** ![Onyx\_Z32](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/onyx_z32/32/7581_2.png) [@Onyx\_Z32](https://forums.speedlife.net/u/Onyx_Z32)\ **Post date:** [October 8, 2015, 7:05am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1819 "2015-10-08T07:05:20Z")
Not really a surprise, but good for them. ---
**Author:** ![Blue\_Eyed\_Devil](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blue_eyed_devil/32/7292_2.png) [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)\ **Post date:** [October 8, 2015, 9:39am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1820 "2015-10-08T09:39:02Z")
Yeah, they didn’t want that land for golf courses. 😉 [Previous page](https://forums.speedlife.net/t/the-oil-prices-thread/44739.md?page=90) [Next page](https://forums.speedlife.net/t/the-oil-prices-thread/44739.md?page=92)