VLO – Regarding the crack spreads: I disagree that the spreads have been narrowing. The chart from Bloomberg (link below) shows they have actually continued to rise even as crude prices increased. I still like the idea of owning refiners (based on the crack spread and the earnings I expect them to achieve in Q1) and will look to get into the VLO trade. I also have WNR common.
Dan, I am doing a great job thanks to you. Keep up the good work, I am listening, replaying and learning. I love that you are doing this for people who want to learn. I’m giving you pearls. Stay healthy, I need you around.
Dan, with your other trades, you wrote-up your parameters and listed it here and emailed it to us but with this trade, you did not do this. The parameters are important because I can’t access this site at work so could you send your parameters on all future trades?
I’d like to see a chart of tabulated data which shows the profit/loss of the option trades that have been put forward since the BAC Covered Calls (first trade on Option Market Mentor, 12/19/2010). Some of the trades have been disasters, but others were profitable. I would also like to see more “direction” on when to sell and less “you can if you want to” trades. Just put it out there and we can decide.
VLO – Regarding the crack spreads: I disagree that the spreads have been narrowing. The chart from Bloomberg (link below) shows they have actually continued to rise even as crude prices increased. I still like the idea of owning refiners (based on the crack spread and the earnings I expect them to achieve in Q1) and will look to get into the VLO trade. I also have WNR common.
GatorD
http://www.bloomberg.com/apps/quote?ticker=CRK321M1:IND
Dan, I am doing a great job thanks to you. Keep up the good work, I am listening, replaying and learning. I love that you are doing this for people who want to learn. I’m giving you pearls. Stay healthy, I need you around.
Dan, with your other trades, you wrote-up your parameters and listed it here and emailed it to us but with this trade, you did not do this. The parameters are important because I can’t access this site at work so could you send your parameters on all future trades?
I’d like to see a chart of tabulated data which shows the profit/loss of the option trades that have been put forward since the BAC Covered Calls (first trade on Option Market Mentor, 12/19/2010). Some of the trades have been disasters, but others were profitable. I would also like to see more “direction” on when to sell and less “you can if you want to” trades. Just put it out there and we can decide.