A couple of weeks ago I traded XLE (posted here) on the long side to pay for my gas expenses for the next several years. Now I want to make sure that the market pays for my airline tickets for many years to come.
I am buying Crude Oil at 120.00 (USO at 96.70). The good thing about this trade is that it has no risk. When both White House and Kremlin want prices to go up, I can sleep well. I will let them pay for my travel.
Denleo
Travel trade
Started by
denleo
, May 05 2008 02:46 PM
3 replies to this topic
#2
dcengr
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- Traders-Talk User
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Posted 05 May 2008 - 02:49 PM
When people start to weep as they're pumping gas, that will be the top.
People are only frowning at the gas stations now.
Qui custodiet ipsos custodes?
#3
arbman
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- Traders-Talk User
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Quant
Posted 05 May 2008 - 02:53 PM
The Russian output has been disturbingly declining since last year, now I heard they only match the 2006 levels...
#4
Jnavin
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- TT Member*
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- 2,126 posts
Member
Posted 05 May 2008 - 05:16 PM
I would budget for a pair of Nikes and white socks.
