02-23-2011, 01:44 PM
...how to play it?
That $100 oil is the big problem. If we get $5 gas it's really going to slam the economy. The thing is, there's an oversupply of oil right now, but hedge funds are driving up the spot price. Hopefuly things will calm down, it won't spread to Saudi Arabia, and we'll get back to fundamentals.
I bought some March QQQQ puts and SLV calls as a hedge yesterday. The puts have doubled already, so I'm glad I did that, but I didn't sell any of my spreads, so I'm definitely getting squeezed.
Still have your silver positions, Breand? On fire right now...
That $100 oil is the big problem. If we get $5 gas it's really going to slam the economy. The thing is, there's an oversupply of oil right now, but hedge funds are driving up the spot price. Hopefuly things will calm down, it won't spread to Saudi Arabia, and we'll get back to fundamentals.
I bought some March QQQQ puts and SLV calls as a hedge yesterday. The puts have doubled already, so I'm glad I did that, but I didn't sell any of my spreads, so I'm definitely getting squeezed.
Still have your silver positions, Breand? On fire right now...
Ex SWG, L2, CoH, Wow, and War
Currently PvPing in the stock market
Currently PvPing in the stock market