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Guest
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 Posted:
Sun Oct 23, 2005 12:01 am Post subject:
Newbie question: How can I invest in oil futures/options? |
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From everything I'm reading, oil is going to go up, soon. This winter
time-frame. Right now, I feel oil is at a medium-term low. I want to
capitalize on that.
What I would ideally like is to buy options for oil, say, a call, at
$80/barrel light sweet crude, for next April. On what market, and through
what firm would I do that? I guess what I';m saying is, I understand and
have experience with stocks, but not with commodities.
Thanks.
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timbo
Guest
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| Posted:
Sun Oct 23, 2005 7:37 am Post subject:
Re: Newbie question: How can I invest in oil futures/options |
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dan wrote:
| Quote: | What I would ideally like is to buy options for oil, say, a call, at
$80/barrel light sweet crude, for next April. On what market, and through
what firm would I do that? I guess what I';m saying is, I understand and
have experience with stocks, but not with commodities.
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You can buy call options on CL at nymex. You'll have to find a
commodities broker though - preferably not Refco related. |
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Guest
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| Posted:
Sun Oct 23, 2005 8:01 am Post subject:
Re: Newbie question: How can I invest in oil futures/options |
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Thanks timbo. Several questions:
1. How liquid are these options, relative to, say, options on alarge cap
stock?
2. Can you or anyone else recommend a good commodites broker? I was thinking
about http://www.expressfutures.com . Does anyone here have experience with
them? I don't see their fees listed, which was one thing I didn't like, but
they do offer real-time quotes.
Thanks.
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timbo
Guest
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| Posted:
Mon Oct 24, 2005 8:02 am Post subject:
Re: Newbie question: How can I invest in oil futures/options |
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<dan@dan.com> wrote:
| Quote: | 1. How liquid are these options, relative to, say, options on alarge cap
stock?
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You'll be able to get in and out all day long. I would be more
concerned about your strike preference.
The google gods have spoken. Search again. |
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Guest
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| Posted:
Mon Oct 24, 2005 1:16 pm Post subject:
Re: Newbie question: How can I invest in oil futures/options |
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| Quote: | You'll be able to get in and out all day long. I would be more
concerned about your strike preference.
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Well, that was just a hypothetical price and date. Though I am curious as to
why you think that specifically is not good. |
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timbo
Guest
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| Posted:
Tue Oct 25, 2005 8:01 am Post subject:
Re: Newbie question: How can I invest in oil futures/options |
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| It's difficult to win the directional game with DOTM options. |
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martin56
Joined: 01 Jun 2008
Posts: 11
Location: Grand Rapids, Michigan
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Sun Jun 01, 2008 10:54 pm Post subject:
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| Options are definitely a risky bet, and $80 next April I would advise against. If we're lucky it will get to 90 or 95 at lowest. |
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