OIH seems a good short today

H

hajimow

Oil is $1.5 down and OIH is up. I bet OIH will surprise everyone by dropping to $135 by March 16 (option expiry date) It has happened on many moths including last month.
I am shorting OIH and or selling 140 PUT.
 
I wanted to load up so bad on OIL before the close but I pussied out. I hope crude goes to 58 or 59 a barrel next week and then I'll buy. My luck it goes to 62-63 on Monday.

Nontheless, these prices are pretty good going into the summer and will be kicking myself down the road.
 
Again I believe OIH is way expensive compared to oil as of today. I would go either shorting OIH or shorting OIH and going long CL.
 
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