Crude Oil

Discussion in 'Trading' started by The Kin, May 21, 2008.

  1. Wow!
  2. gobar


    whats the price?

  3. Surdo


    HOD $132.08!
  4. you guys are fucking amazing lol. you should rename yourself top tick.
  5. when will the wave break?

    what do you think is the best non-futures contract thing you can buy to profit from a drop in oil prices?
    DUG or something else?
  6. I dunno, but this is beginning to look like the typical blow-off top. The question then lies in how high that top goes. I suppose it has to suck in enough dumb money, right?
  7. DUG includes gas, not just oil. I'm wondering what is the best pure play on oil prices aside from futures contracts.
  8. Puts on USO, the best non-futures pure oil bang for the buck.
  9. gobar


    i was thinking of buying puts on USO but its too expensive right now...

    and even if oil goes down a $1 ITM puts tend to move only .25 to .30 cents range...
    #10     May 21, 2008