Monday, March 17, 2008

Profit taking in Oil before expiration

6 dollar trading range on Crude Oil = NUTS

One of the dumbest headlines I've read in awhile-

Notice how the further out contracts are trading less then the front month contracts.
Interesting to note that USO options have a lot of premium built in to the options for the months ahead, which makes me think that there could be an arbitrage trade between USO and CL.

April USO options


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