Oil: Anyone who would make $100 call when we’re at $58 is a moron. Overall calls are always directed to lead you astray. By Todd Horwitz, Bubba Trading.

 

This type of pattern is exactly what we’re looking for. A lot of reasons to believe the top is in. A lot of crazy calls being made – City Group calling $100 oil. Overall, calls always directed to leave you astray.

You can find Todd’s Daily Commentary here: https://tinyurl.com/y8jylo5y 

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Financial & Political Commentary

 

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About the author

Todd Horwitz - Author of “Average Joe Options“. Todd began his trading career in 1980 at the CBOE. He was one of the original traders in the OEX & helped start the SPX. He is a member the CME where he trades S&P futures as well as foreign currencies & is a regular contributor to CNBC, Bloomberg, BNN, Fox & many other major news networks.