Oil has tested it's $20 support 3 times in the last month
You can try to short oil but there is much more upside by going long.
I picked up 122 $55 XLE calls today for .03 each
Not a whole lot to lose and a whole lot to gain. Oil isn't going away like some people think. Way too many industries are reliant upon it and way too many people will lose money if it stays at these prices.
It might not be very soon but there is room for it to rise in the next 6 months.
I picked up 122 $55 XLE calls today for .03 each
Not a whole lot to lose and a whole lot to gain. Oil isn't going away like some people think. Way too many industries are reliant upon it and way too many people will lose money if it stays at these prices.
It might not be very soon but there is room for it to rise in the next 6 months.
Comment:
I'm sorry, the expiration is for September 18th.