If I think OIL is going much higher??

the most obvious answer is buy oil futures or futures calll options. You get a much better tax structure than equity side plays. If you are unaware, futures get a 60/40 split, 60% is taxed as long term cap gains (currently 15%) and 40% as ord. income, regardless of holding time, (could be seconds for all they care).
 
Quote from Landis82:

SLB, BHI, HAL, NOV, RIG, DO, etc.
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NOV is one of my long positions for several months, and it's been giving me a headache. Today was a good day for NOV, but I still wonder about this one.

Landis, are you a buyer of NOV?
 
Quote from PAPA ROACH:

the most obvious answer is buy oil futures or futures calll options. You get a much better tax structure than equity side plays. If you are unaware, futures get a 60/40 split, 60% is taxed as long term cap gains (currently 15%) and 40% as ord. income, regardless of holding time, (could be seconds for all they care).
More...


can you buy oil futures with an options account or do you need a commodities accout?
 
Quote from gimp570:

If I think OIL is going much higher??
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stop thinking. That is how people lose their money. You don't know where things are going. You are blindly guessing.

Stop guessing and trade what you see.
 
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