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Is now the time to short oil? Buy Inverse oil etf SCO
Posted on 3/1/22 at 11:56 pm
Posted on 3/1/22 at 11:56 pm
I’m extremely tempted to start dipping into SCO at the open if oil is still hovering around $110/barrel. This price is obviously unsustainable and headline driven. Tough to guess what Putin will do next but I don’t see oil staying at this level for long. Thoughts??
15
Posted on 3/2/22 at 4:34 am to jlu03
I like the idea but not quite yet.. 150$ oil seems realistic at this point
Posted on 3/2/22 at 6:34 am to jlu03
Be a man and short contracts baw, lol no risk there
Posted on 3/2/22 at 6:38 am to jlu03
BofA says if we sanction Russian oil, we'll be looking at $200/bbl
Posted on 3/2/22 at 7:09 am to jlu03
If we truly sanction Russian oil we are 150 easy, if not more.
Posted on 3/2/22 at 7:30 am to jlu03
Oil reversal? shite I'm pissed that I sold most my oil stocks a couple weeks ago before the war. I'm going to miss out on a good run.
Posted on 3/2/22 at 7:55 am to jlu03
Yes, short oil when the affects of these Russian sanctions hasn't flown through supply. The traders are scared to touch oil even in India and China. Urals crude prices are crashing because there's no demand. Buyers won't even accept free freight.
Posted on 3/2/22 at 8:08 am to jlu03
Watch DRIP also
Posted on 3/2/22 at 9:07 am to jlu03
I thought you shorted things that were going down. Oil is going to climb for a while.
Posted on 3/2/22 at 3:28 pm to jlu03
I'd be scared to short it at $110. Plus I don't know how to short it 
Posted on 3/2/22 at 10:32 pm to jlu03
I think short US natural gas is a better play with the etf KOLD. Seasonal heating demand is dropping fast and LNG exports are already at capacity. No matter how much higher European demand or prices climb we can't export any more. Right now it's all news-driven not data-driven.
Posted on 3/3/22 at 7:08 am to jlu03
This post was edited on 3/27/22 at 1:27 pm
Posted on 3/3/22 at 2:07 pm to jlu03
Buy xle calls a week or two out ATM. You're welcome.
Posted on 3/3/22 at 3:22 pm to jlu03
All the etf's based on commodities suck, due to the cost of rolling. For longs at least. Maybe better if you're short.
The ultras also suck. Lose 2.1X or gain 1.9X. Every day.
The ultras also suck. Lose 2.1X or gain 1.9X. Every day.
Posted on 3/4/22 at 9:24 am to jlu03
Just bought 100 @ $6 just for fun
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