We say this and last week that even the strongest Bull markets, like steel can fall 20+% in a matter of days.
The lack of upside after the bullish inventory report suggest to me we may see some turbulence in the oil markets.
I recommend selling the RIG AUG 135 Calls for $12.00 to complement my Buy recommendation.
This set up should stay on until we get some more confirmation of the Bull rally in oil continuing.
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