Posted by: latoboy June 28, 2008
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i just finished reading an article from OPEC president saying Oil will goto $170 by end of this year.
i believe on July 3rd, ECB will raise rates, Oil will rocket, market will fall down further.
Now my question is, I want to take a big gamble and buy some CALLS on USO.
should i buy calls on JAN2009 strike price = 110
OR
buy calls for JAN2010 strike price =110
from what i have read it is better to go with jan 2010, but i am worried about the Time Decay loss. i am total newbie with options... the only reason i want to use options is because of the leverage.
i believe on July 3rd, ECB will raise rates, Oil will rocket, market will fall down further.
Now my question is, I want to take a big gamble and buy some CALLS on USO.
should i buy calls on JAN2009 strike price = 110
OR
buy calls for JAN2010 strike price =110
from what i have read it is better to go with jan 2010, but i am worried about the Time Decay loss. i am total newbie with options... the only reason i want to use options is because of the leverage.