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Registered User
Joined: 3/7/2006
Posts: 244
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Does anyone know of an oil stock / index that lets you directly short the pirce of oil?
I was looking ag oil and oil-x which allows you to buy oil, but are not optionable. I'd like to buy puts to limit risk obviously.
I think the price of oil is going to at least $63 based on the charts. This tells me they think the Iraq surge must also be working. If the Sept report comes back good, oil could plunge.
Any ideas?
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Registered User
Joined: 10/4/2006
Posts: 4
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you may want to look at USO etf. If I remember correctly, it tracks/purchases front end contracts on west tx crude
Bruce
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Registered User
Joined: 4/18/2005
Posts: 4,090
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Ive shorted HOC
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Registered User
Joined: 9/13/2006
Posts: 143
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I have bought OIH puts.
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Registered User
Joined: 3/7/2006
Posts: 244
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Thanks everyone. I think the OIH is what I was looking for. Too bad I couldn't find that this morning. I'd already be up.
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Registered User
Joined: 12/10/2004
Posts: 95
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DCR is an eft that shorts oil for you & UCR is an etf when you want to be long oil. Not much volume in these etf's yet, but when the volume builds in these etf's it willbe a good way to play oil.
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Registered User
Joined: 10/7/2004
Posts: 886
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There's another etf to short oil/gas: DUG.
Bob
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Registered User
Joined: 10/7/2004
Posts: 886
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I should have mentioned that DUG is an ultrashort etf, so it's leveraged to move more than it's tracking components.
Bob
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Registered User
Joined: 12/9/2004
Posts: 11
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Registered User
Joined: 12/9/2004
Posts: 11
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HOC appears to be 'oversold' according to RSI & Stoc indicators.
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