11d • General discussion
March 5 2026
WTI opened at $76.15 and closed at $81.01. This move had no bearing on the account value that stands at $7,200 up from 6,400. The account will maintain this balance until WTI drops into the 70s.
The Dow Jones sold off for the day and our basket of stocks reflects that.ORLA closed at $18.20 which is a 9% move down. Gold hit $5,000 yesterday and sold off today. When we get a buy signal our first purchase will be ORLA and we will immediately Sell To Open an in-the-money put to initiate our position in ORLA. This strategy is easier to understand once the trade is made. Stay tuned.
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March 5 2026
skool.com/oil-option-trading-101-1282
How to use options to reduce risk in a portfolio. You can use this for all stocks and commodities but we going to trade Crude oil and oil options.
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