re: BOIL has become predictable

Overnight saw futures tick more about .035 - .05. If this is the open, today should be an opportunity to load up on whatever short positions one has, or at least average your short cost downward.

It's very difficult for me to ever predict day trading levels from overnight trades in the futures markets as overnight is filled with a greater percentage of retail speculators.

If it holds, this type of movement in the futures results in a move of over 1% - 2% in the etf's, and even greater volatility in the options. Having said that, more recently the options pricing on buying days has what seems a new higher resistance notwithstanding the decay in underlying assets price.

Mr. Eng08. Yes I purchased more puts on Friday. There is enough open interest and liquidity to make it an interesting trade. It is going to be work for me to sell once that starts. I don't think with 17K oi in July $23P I can sell aon, or I'd drive the market down.