Thursday, February 02, 2006

Oil: Get Short or Get Lost

A lot is going on right now, so here is a quick blurb:

We're getting longer APC gamma and I am personally taking a very bearish stance on the entire oil sector via selling the underlying and credit call spreads.

I think this is a massive and RARE directional opportunity right here right now.

Buying long OTM puts isn't a bad idea either as you'll end up owning vol - a good thing right now.

Good Luck.

Cheers,
/Dmitry

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