Strikes against Iran... and oil taking +0.91%... Did I missed something?

Investor summaryBullish

Author bought SM calls and is confused why oil prices didn't surge following US strikes on Iran.

Bull points

Geopolitical conflicts such as US strikes on Iran typically drive up oil prices due to supply concerns.

Bear points

Oil prices showed a muted reaction to major geopolitical escalation, indicating weak bullish momentum in the macro environment.

SM降息与宏观

Post body

At the gas pump, to fill up I prefer really cheap oil but now that I have bought call options on SM Energy I admit to wanting the opposite, however the price of WTI below $90 given the circumstances, sorry I don't get it. Wti should be at $120!

After 100 days and the news of tonight "American forces launched strikes against Iran “in response to yesterday’s downing of a U.S. Army Apache helicopter,” U.S. Central Command said", I was expecting a much higher oil price 😳😳

Discussion · top comments

No comment snapshot fetched for this post yet.

View original post & all comments on Reddit ↗