How to make money off of oil
So what do you think about straddling oil. I figure if they tap the reserves then oil prices will go down.. and if they don't prices will go up. Its a win win. If oil goes down, I am buying as much as I can and holding onto it.. because you know long term this thing is going to soar.
Read Oil 101
Volatility is already pretty high, that straddle is expensive. I'm actually short oil vol right now even though I agree the distribution has become bi-modal.
And Oil 101 is a great book, a must-read for anyone really into the space.
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