short the strangle, and make her go long the calls with her own money. Then all you have to do is sit back and hope nothing good happens.
Who's an expert on the "right" position
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But generally speaking, if you want to get on a broad's good side, better to buy her gold which is going to $800 than crude which is going to $25.
You can test this theory by buying her a small trinket like some gold earrings and a jiffy lube certificate and seeing which one gets you farther.
You can test this theory by buying her a small trinket like some gold earrings and a jiffy lube certificate and seeing which one gets you farther.
That is part of the problem, as XOM and CVX have low betas. Assuming I would go long the right ratio of XOM (or more likely on of the cheaper competitors, e.g. CVX), I would short the "right" amount of QM.Quote from swoop[TR]:
Nitro, good call on flexibility. I hadn't noticed you were the poster. Well, it seems you could play the oil futures story many different ways, and obviously you would want to have the best risk/reward scenario. The synthetic call seems to be the best scenario IMO. Although, what asset would you choose to go long? XOM or Crude Oil Futures?
TR...ahha! That's my edge on the market
I am also looking into an oil ETF (I am researching to see if there is one) and using it as a proxy for the stock, and selling QM.
nitro
OIH is the Oil Services HOLDRS.
Quote from nitro:
She has plenty of jewelry already...
nitro
I used to give my girlfriend pearl necklaces. Do those count as gifts?
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