![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgHyNFGkf46j8E1KJoe525_EKi7L2KRKsD9Mlpi7Dn46DrG-4d5y5kYRVBCcW8EH3C0rRmCv0_5lxjPdWX5eJ6_-BChOoWI62CfkVLCkvJozXWrqgZ4Ya51y8g4ti0W1g3z1Wu7uQ/s320/fsspon-1.png)
The chart shows the Crude Oil price over the last 6 years. I sold short at $74 on Friday on the basis of the big formation double-top and the recent 50% retracement from $69 to $74 after the drop from $79. Over a 3 day weekend there's more potential for a price gap in either direction, so I'm happy with a guaranteed stop-loss equivalent to an out of the money call. The crux is the cost of that call..heh,heh,heh.