Welcome Guest, please sign in to participate in a discussion. Search | Active Topics |

Worden Discussion Forum » General Discussions » Stock and Market Talk » Buying oil put options

Buying oil put options Rate this Topic:
Previous Topic · Next Topic Watch this topic · Print this topic ·
Inspector62
Posted : Thursday, August 9, 2007 11:34:04 AM
Registered User
Joined: 3/7/2006
Posts: 244
 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?
Back to top
jetstreamer
Posted : Thursday, August 9, 2007 11:46:28 AM
Registered User
Joined: 10/4/2006
Posts: 4
 you may want to look at USO etf. If I remember correctly, it tracks/purchases front end contracts on west tx crude

Bruce
Back to top
scottnlena
Posted : Thursday, August 9, 2007 11:46:38 AM

Registered User
Joined: 4/18/2005
Posts: 4,090
 Ive shorted HOC
Back to top
moakhavi
Posted : Thursday, August 9, 2007 12:54:51 PM
Registered User
Joined: 9/13/2006
Posts: 143
 I have bought OIH puts.
Back to top
Inspector62
Posted : Thursday, August 9, 2007 10:55:25 PM
Registered User
Joined: 3/7/2006
Posts: 244
 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.
Back to top
Sir_Gapscan
Posted : Sunday, August 12, 2007 2:07:59 PM
Registered User
Joined: 12/10/2004
Posts: 95
 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.
Back to top
bobre1
Posted : Sunday, August 12, 2007 7:10:52 PM
Registered User
Joined: 10/7/2004
Posts: 886
 There's another etf to short oil/gas: DUG.

Bob
Back to top
bobre1
Posted : Sunday, August 12, 2007 7:13:57 PM
Registered User
Joined: 10/7/2004
Posts: 886
 I should have mentioned that DUG is an ultrashort etf, so it's leveraged to move more than it's tracking components.

Bob
Back to top
nander
Posted : Sunday, August 12, 2007 9:59:25 PM
Registered User
Joined: 12/9/2004
Posts: 11
Back to top
nander
Posted : Sunday, August 12, 2007 10:00:09 PM
Registered User
Joined: 12/9/2004
Posts: 11
 HOC appears to be 'oversold' according to RSI & Stoc indicators.
Back to top
Users browsing this topic
Guest-1

Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.