New York Oil Futures Create Two-year Highs

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New York Oil Futures Create Two-year Highs.

This is used to lock in profits. This is done by rolling one's position up or down strike prices depending on whether the trade is a long using calls or short employing put options. Most traders are familiar with the concept of a trailing stop whereby one moves their protective exit as the market moves in favor of the trade. The same thing can be accomplished when one is trading options rather than the underlying.

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