Easy Oil exposure

Discussion in 'Commodity Futures' started by misterkel, Jul 25, 2017.

  1. Maverick74

    Maverick74

    Commodities are not meant to bought and held long term. Just pull up a long term chart of the Goldman Sachs Commodity Index chart. It ain't pretty. And that's not because commodities always go down, it because of the cost associated with holding any physical long term whether it be copper, gold, corn or oil.
     
    #11     Jul 27, 2017
    MACD likes this.
  2. vanzandt

    vanzandt

    Hey Mav...
    Whats the best way to play the $OVX long?
     
    #12     Jul 28, 2017
  3. Maverick74

    Maverick74

    There is no direct instrument. The actual index pricing is derived from USO options. There is no way for you to capture the 30 day fixed term structure. You can buy ATM USO options but you can't effectively isolate the vol.
     
    #13     Jul 28, 2017
    vanzandt likes this.
  4. Overnight

    Overnight

    Calendar spreads make me horny.
     
    #14     Jul 28, 2017