Has oil peaked to the untouchable its going to get this summer? Is in a minute a good time for buying put option on U.S. oil? I'm interested contained by getting put options that expire within September.
Answers: Who knows. I individually think it will stay elevated through the summer and start to fall towards the cease of summer. It's basically a lay a wager at this point.
Certainly its possible, the problem is the trend lines on oil futures still remains firmly contained by an uptrend. Trends in the open market don't typically break overnight, but only after several days of institutional investors dumping positions. So, until that time comes, the assumption have to be that oil continues superior. I agree, a top is near, but investors hold been losing their shirt trying to predict the top first at 80, than 100, 120, 135, and presently 150 or 200?
You can take the position, since its an route, you have restricted downside risk, but until the trend is broken, I'd anticipate this to be a losing trade.
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Answers: Who knows. I individually think it will stay elevated through the summer and start to fall towards the cease of summer. It's basically a lay a wager at this point.
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Certainly its possible, the problem is the trend lines on oil futures still remains firmly contained by an uptrend. Trends in the open market don't typically break overnight, but only after several days of institutional investors dumping positions. So, until that time comes, the assumption have to be that oil continues superior. I agree, a top is near, but investors hold been losing their shirt trying to predict the top first at 80, than 100, 120, 135, and presently 150 or 200?
You can take the position, since its an route, you have restricted downside risk, but until the trend is broken, I'd anticipate this to be a losing trade.
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