8d • General discussion
March 9 2026
Good morning ! The war in the Middle East continues to escalate. In overnight trading WTI got to $119.43 but has since pulled back to the $103 level. I placed an order to buy 571 shares of DRIP at $3.50. It closed at $5.20 on Friday. If WTI gets to $115ish this order should execute. DRIP is a 2X inverse ETF based on the daily move in WTI. If WTI goes up 10% DRIP goes down 20%. I'm expecting the DJIA to open down about 500 points and trade lower by another 500 points in the first hour or so. Should be a fun day
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March 9 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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