[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 197 KB, 540x300, aquascrem2.png [View same] [iqdb] [saucenao] [google]
18627850 No.18627850 [Reply] [Original]

>he bought the dip?
>reverse split

>> No.18627873

what does that mean for call options?

>> No.18627881

>>18627850
>buying oil etfs

>> No.18627908
File: 246 KB, 621x620, 1585680284106.png [View same] [iqdb] [saucenao] [google]
18627908

>>18627881
I THOUGH IT WAS THE BOTTOM AAAAAAAAAAAAAAAA

>> No.18627916

>>18627873
What does it mean for put options

>> No.18628157
File: 47 KB, 500x500, desperation.jpg [View same] [iqdb] [saucenao] [google]
18628157

I JUST WANTED A LONG TERM HOLD

>> No.18628213
File: 827 KB, 968x928, 1584382493445.png [View same] [iqdb] [saucenao] [google]
18628213

I've lost more money than I care to admit

I feel nothing, I am completely destroyed

Oil is literally worth negative dollars, and once the next months futures roll over your going to see the entire industry liquidate I cannot fathom it I am in complete shock right now

>> No.18628310
File: 23 KB, 229x343, death by rage.jpg [View same] [iqdb] [saucenao] [google]
18628310

>>18628213
N-NOOOOOOOO!!!! LITERALLY EVERYTHING RUNS ON OIL!IT HAS TO COME BACK! RIGHT?! RIIIIIIIGHT?!?!?

>> No.18628534

I have a question
Any of you guys actually knowledgeable about commodity trading/oil ETFs or did you just FOMO in?
Not trying to shit on you, I know next to nothing about oil prices so I stayed well away from it

>> No.18628541
File: 141 KB, 1300x957, portrait-of-a-fisherman-fishing-a-shoe-on-a-river-HRR2XW.jpg [View same] [iqdb] [saucenao] [google]
18628541

i bought UCO

>> No.18628559

>>18627916
>>18627873
They adjust according to the change in share price

>> No.18628569

>>18628213
>>18628310
a lot of oil fields are pressurized, meaning they physically can't turn off the pump. the supply will just keep pumping, and pumping, and pumping...

>> No.18628604

>>18628569

That's why they have blind shear rams.

>> No.18628627
File: 6 KB, 225x225, VERY angry wojak.jpg [View same] [iqdb] [saucenao] [google]
18628627

>>18628569
NOOOOOOOOOOOOOOOOOOOAAAAAAAAAAAAAAAAAAAAA

>> No.18628833

So much for le petroleum engineering meme major

>> No.18629018
File: 7 KB, 250x250, VERY mad frog reeeing at incredebly hihg speed.jpg [View same] [iqdb] [saucenao] [google]
18629018

>>18628534
I WAS TOLD IT WAS A SURE THING
I WAS TOLD I5 LITERALLY COULDN'T GO LOWER THAN 3 DOLLARS AND IF I DIDN'T BUY NOW I'D MISS OUT ON FREE MONEY

>> No.18629462

>>18627850
USO is not a long term hold you lose money when oil goes up and the contracts get rolled over do some research for once

>> No.18629655
File: 929 KB, 264x320, 1482455933805.gif [View same] [iqdb] [saucenao] [google]
18629655

>>18629462
NO NO NO IT HAS TO COME BACK EVENTUALLY IF OIL DOESN'T COME BACK THEN THE ECONOMY WILL COLLAPSE EVEN MORE!!!!

>> No.18629710
File: 511 KB, 840x488, 1542008148801.gif [View same] [iqdb] [saucenao] [google]
18629710

>>18627873
smart play, only pajeets and niggers buy and hold ETF's

>> No.18629721

I bought Exxon stock like three weeks ago and I'm up 11%? Shouldn't I have lost all my money

>> No.18629736

>>18628310
Eventually the economy will restart and yes, oil will come back. No matter how delusional the technocrat or angry the green, oil will continue to be the primary energy source for locomotion in the entire world.
Of course, it might be several years before that happens.

>> No.18629744

Bulltards will never ever learn

>> No.18629752

This is like GUSH. Options traders end up with USO2 and fucked.

>> No.18629899

>>18629752
I-is it bad I bough GUSH too?

>> No.18630048

>>18629752
I have puts and need it to have a very bad day before the split so I can ditch this shit

>> No.18630157

>buying the "dip" on a commodity that is continuously shat out of the ground, is expensive to store and has no value if it cannot be refined.
None of you faggots who bought oil futures or USO because they were cheap knew anything about what you were buying. You got big stinky bags dumped on you and you deserved it.
Stick to your virtual shitcoins.

>> No.18630216

>>18630157
So keep shorting until ching chong virus dissapears?

>> No.18630222
File: 17 KB, 237x239, crying yotsuba.jpg [View same] [iqdb] [saucenao] [google]
18630222

>>18630157
b-but it's a finite commodity...
CNN told me we were past peak oil....

>> No.18631385

>>18628310
how does the opec allow this? one would think everyone would fuck off of this gay ass quarantine just to pump shit up. this shit isnt casual, its too stupid to be true

>> No.18631407

>>18630216
you should search in the archives for the last USO thread, look for a caps locks anon dabing on all the fucking retards looking to long a short term roll over based etf

>> No.18631840
File: 33 KB, 182x167, 656543797.png [View same] [iqdb] [saucenao] [google]
18631840

>>18630222
stop listening to CNN

>> No.18631886

>>18629721
XOM has inherent value, USO speculates on short term oil futures

>> No.18631918

>>18630222
Millions of new barrels of oil are generated every year by bacteria

>> No.18631928
File: 989 KB, 576x720, 1578965132650.webm [View same] [iqdb] [saucenao] [google]
18631928

based

>> No.18631939

i'm also in this predicament as well. Holding 1/21/21 call options and already down quite a bit and with impending reverse split, it's not looking good for options from what i have gathered.

>> No.18632081

>>18631928
is this real?

>> No.18632104

>>18631918
W-what...???

>> No.18632196

>>18632104
Oil isn't just compressed dinosaurs and carboniferous forests. I don't know about the bacteria thing but some people say that it's actually just constantly being produced in the pressure deep under the earth, similarly to natural gas. There's an illusion of artificial scarcity and price fixing in order to make money and hold the current geopolitical situation together.

>> No.18632704

>>18632196
This. They found oil fields were refilling...and everyone lost their shit.