Crude Oil

[The Kin]

Wow!

 

[gobar]

whats the price?

131?

 

[Surdo]

HOD $132.08!

 

[robbie380]

Quote from The Kin:

Wow!

you guys are fucking amazing lol. you should rename yourself top tick.

 

[DataCruncher]

when will the wave break?

what do you think is the best non-futures contract thing you can buy to profit from a drop in oil prices?
DUG or something else?

 

[Ivanovich]

I dunno, but this is beginning to look like the typical blow-off top. The question then lies in how high that top goes. I suppose it has to suck in enough dumb money, right?

 

[DataCruncher]

DUG includes gas, not just oil. I'm wondering what is the best pure play on oil prices aside from futures contracts.

 

[PAPA ROACH]

Puts on USO, the best non-futures pure oil bang for the buck.

 

[Landis82]

Ask S2007S about the "DCR".

http://finance.yahoo.com/q?s=dcr

 

[gobar]

Quote from PAPA ROACH:

Puts on USO, the best non-futures pure oil bang for the buck.

i was thinking of buying puts on USO but its too expensive right now...

and even if oil goes down a $1 ITM puts tend to move only .25 to .30 cents range...