We have been making money lately, selling call options at $90, when the market rises past $75. Our thinking is that oil probably wont make $80, and then only in spikes. At more than $60 a barrel, demand is soft, probably flat. Things have to go wrong for oil to rise above that much. But now a surprise: It looks like a good time to sell put options, especially November options at $60. The NYMEX futures market is no longer trading on anything that resembles fundamentals. There is plenty of oil, and world demand grew by 0.7 percent last year, probably less this year. Maybe even n[...]
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[Source: The Money Blogs]
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