May expiry is here and there’s been some options shenanigans with the insurance industry but that’s an investigation for another day. Whatever stability was showing up in the calls & puts from the ETF-Cashinator is now gone. The June call and put premiums are all over the place (too high) to indicate any kind of stability. I’m still sitting in cash. Earlier in the year, I sold call options on OIH and those are showing fruitful but I don’t think oil will rally in the summer. It’s going to be a cruel summer.
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