Refiners a buy

Discussion in 'Trading' started by scriabinop23, Dec 18, 2008.

  1. If I were a refiner operator, I would be hedging buying a ton of long dated calls on crude here...

    All upside and a small premium to pay for gigantic margins going forward.

    Might be part of the reason refiners are so strong right now.
  2. Great point.

    VLO has certainly had a very strong run this last week, up from $18 to $23.
    SUN has run from $34 on Tuesday to over $42 today!