I'm calling this CNBC's Rolodex Spot price for Crude, or CNBC R-Spot...
Thursday 24 Feb:
-WTI Spot price has topped $100/barrel - posts high of $103.41
-CNBC runs call for $220/barrel, multiple times throughout session (Oil could hit $220 a barrel if Libya and Algeria were to halt oil production together, analysts at Nomura investment bank predicted.)
[SELL $220 CNBC R-Spot; WTI = $102 - $103]
-Exchanges hike margin requirements for crude oil futures after volatility increases
-WTI Spot price drops dramatically late-session, to low of ~98.20, coincident to rumor Gadhafi shot
-After-hours electronic session sees WTI low of 95.62
Friday, 25 Feb:
-Saudi's promise to increase production to stem issue of retarded Libyan supply
-WTI Spot ranges from 96.17 early low to 99.20 late high; closes week out at 98.23
-CNBC runs morning analyst call for $70; switches to alternate call of $60 call later session.
[BUY CNBC R-Spot $70 and $60; WTI = $97 and $98]
Wednesday, 2 Mar:
-WTI Spot trades to early low 99.21 to a high of 102.50
-CNBC talking oil non-stop all session; today's reported price target: $130 (Libya's supply disruptions to world markets could push oil above $130 in the next month if troubles persist)
[REDUCE CNBC R-Spot $130; WTI = $102]
-CNBC's Fast Money program after hours sports a unified theory that strength of the Oil and Energy markets are only going to take prices higher
[SELL CNBC R-Spot "only higher" WTI=102.50]
CNBC R-Spot price currently stands at $130/barrel. I like selling here or higher [the fictional price] and I like buying $85 and lower (Note: $84 is about where we actually came from, and is where some Rolodex experts fashion it should trade back to with resolution in Libya).
Follow @Centrifugal to fade trades in real time