On 16th Sept, Marathon Oil and in general Oil is breaking out.
I am doing a quick trade in call options on Marathon oil. This is very unlike me as I have been burnt builing calls before. This time took a chance and made some quick money.
The problem with such trades is that you have to constantly watch the undelying security like a hawk and this is not possible if you have a regular fulltime job.
Anyways, the market seems overheated and I am not going to hold this overnight. Booking a quick $77.5 in profits.
