OK, bad timing for a blog.  I got a new job, no time for blogging.  Busy would be an understatement.

So here is the dilemma, I make moves based on my hopefully articulated strategies, and then others following said blog miss the timing and strategy outlined.

Basics for following a options strategy:

-Never run out of money

-Never risk more than you can lose 100% of

My last post was pretty clear…. follow oil down (with an inefficient eft tracker USO) and cost base down more and more as it goes lower.

So…. I did exactly what I said I was going to do in my last post and here we are in May, and I (we) are way way way up.  I’m sorry I didn’t have the time to play by play this, but the lower oil got the more I cost based into it.  When I started moving 5 figures per trade into this strategy I actually pushed the date out till 2018 and lowered the strike  (mange risk … its still relevant with options.)

So bottom line, WE nailed this trade.  I’ve got a 75% return so far in the last 6 months on my now close to 40K ‘gamble’.

Other moves that were timing based worth mentioning, PSTG (quick double), NOW (quick double).  YHOO had a double and cashed out at cost so playing with house money.  qcom and twtr are basically compete loses unless a miracle happens with both.

Bottom line is this.  I was 90% in with OIL and we nailed it.  The question is what now.  I am up 70 or 80% but if Oil gets to $70 by the end of the year I could be up 1000% (10x).   My gut says go for it, but I just don’t know yet.  Not a bad place to be.