Hi,
I had to increase my put price when the latest TSLA prices got too close.
Bob Wilson
I had to increase my put price when the latest TSLA prices got too close.
Bob Wilson
Had to raise put price
- Thread starter bwilson4web
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R P
Well-Known Member
Options? Are you protecting your long positions?
Source: https://www.cnn.com/2019/09/15/investing/saudi-oil-prices-attack/index.html
This is good news for EV owners and not so much for SUV and large gas/diesel owners.
Bob Wilson
Abu Dhabi/New York (CNN Business)Oil prices, which have remained low for months, could spike when markets open Monday as Saudi Arabia scrambles to repair damage to its energy infrastructure inflicted this weekend.
Coordinated strikes on key Saudi Arabian oil facilities disrupted about half of the kingdom's oil capacity, or 5% of the daily global oil supply. Yemen's Houthi rebels on Saturday took responsibility for the attacks on the Saudi Aramco oil facilities in Khurais and Abqaiq -- the world's largest oil processing facility and crude oil stabilization plant.
Saudi Energy Minister Prince Abdulaziz bin Salman said that 5.7 million barrels a day of crude oil and gas production have been affected. The latest OPEC figures put total Saudi production at 9.8 million barrels per day.
. . .
Coordinated strikes on key Saudi Arabian oil facilities disrupted about half of the kingdom's oil capacity, or 5% of the daily global oil supply. Yemen's Houthi rebels on Saturday took responsibility for the attacks on the Saudi Aramco oil facilities in Khurais and Abqaiq -- the world's largest oil processing facility and crude oil stabilization plant.
Saudi Energy Minister Prince Abdulaziz bin Salman said that 5.7 million barrels a day of crude oil and gas production have been affected. The latest OPEC figures put total Saudi production at 9.8 million barrels per day.
. . .
This is good news for EV owners and not so much for SUV and large gas/diesel owners.
Bob Wilson
R P
Well-Known Member
Yeah, but heard the US might be tapping oil reserves to help ease world supply. I know Trump doesn't like high oil prices. And the cut-back could be short lived anyway. Doesn't really matter to me, as we have both an EV and ICE vehicle, the latter only driven when needed.
https://www.foxbusiness.com/energy/us-strategic-petroleum-reserve-saudi-oil-attack-kellyanne-conway
https://www.foxbusiness.com/energy/us-strategic-petroleum-reserve-saudi-oil-attack-kellyanne-conway
Good point!
Source: https://www.eia.gov/dnav/pet/pet_stoc_typ_d_nus_SAS_mbbl_m.htm
Bob Wilson
Source: https://www.eia.gov/dnav/pet/pet_stoc_typ_d_nus_SAS_mbbl_m.htm
June 2019 -> 644,718,000 barrels in the reserve
Bob Wilson
David Green
Well-Known Member
Bob, finally coming to your senses and hedging TSLA... Smart, any time you are in an ultra high risk stock like TSLA...