Automatic triggers will be in effect tonight if the major indices drop more than 5%. Also, the Fed will likely intervene and slash rates again at the next FOMC meeting. Too early to tell if the market S#** will HTF.
Will Meade thinks we get a bottom this week and the fed will drop rates
We will see.
I suspect there will be an intervention
Btw, Oil futures trade on MARGIN...and you bet there are margin calls on this:
btw, I Have had some really really interesting trades on Friday expiration for oil options. They are not liquid and have wide spreads. Been awhile since I did it...but you can watch for calls or puts going for pennies that turn around and zoom your way. It is called a lotto. Not all turn out .