OP, buy a basket of the high-yielding MLP CEFs....it will be a rocky ride, but you will likely collect some dividends, and many are trading at wide discounts to NAV right now. I own SZC and FEI....there is certainly room to the downside but I think over the next couple years things will stabilize in the global oil markets.
None o What I buy is none of your business really....unless you are my wife and then we have more serious issues seeing you on this forum.
After much thinking, the cheapest way of betting on oil seems to be buying Norwegian Krona. The correlation is staggering.
Hi, I have exactly the same problem: how to make money on the oil return to 40USD? I have started this thread: https://www.elitetrader.com/et/threads/crude-oil.342757/ I am using WisdomTree WTI Crude Oil 2x Daily Leveraged (Loi.L) but would like to listen alternative ways of playing this. Thanks, Joaquim
I know And in the middle of all that talk my post got unanswered and forgotten... still trying to figure out if the way I am trading this oil situation is reasonable or not... to me it makes sense, but I am highly concerned about about etf depreciation due to volatility before oil gets to 40USD
Hmmm. What is the spot price of oil right now? I did not know oil had a spot price, like gold in London.