03-08-2021, 04:02 PM
(03-08-2021, 02:50 PM)fenders53 Wrote:Yeah, I am not putting big in oil anymore. Selling covered call and buying leap calls with that money.(03-08-2021, 02:29 PM)vbin Wrote: Nothing fenders. This market is nuts on some of the stocks, For ex ccl( I have some actually). Look at how much debt they have + new equity issued.I was wrong on oil for the short term certainly, and likely longer than that. Somebody will crash the party with some excess supply eventually, but this oil bear says you very likely got time to make some more oil money, and I hope you do. Just keep your head when it looks like we're headed for $150 oil, because we aren't lol.
Oil is still a play as far as I can see. Still hated and reopening is inevitable. This parking lot use to absolutely empty and today it was hard finding a single parking there. Small businesses opening up + people going back to work while oil production still at all time low.