finally broke out off the 105 to the upside. Said it would likely go to 12 if this happened. We even got a nice little test of the 1050 right before launch.
Have to wait and see what 120 gives us. Probably get some resistance here.
Started this move at Nine Buck beans. In the hypothetical you should still be long half your original contract number.
Nine to twelve is a 3 dollar move so each contract is up 15K with precious little to no draw down on initial purchase.