Saturday, December 6, 2008

Year End Rally? Oil comeback... Old calls

Well it seems as though we may get that year end rally (which i want).

It looks like DIG/USO calls and Airline puts are the way to position for the imminent production cuts that OPEC is saying will be 'severe'... Well, that wouldnt be cool for those of us who want cheaper flights. And expect your gas to spike as a result as well. Buy your gas before Dec 19.

Old Calls
my AAPL, POT, YHOO calls are too far out to get any of this bullish action. If they did somehow hit green i would guess the DJI would be back in the 10K range... doubt it.

Will see what is in store come Monday... i am still >75% cash... if we continue going green (without an opening gap) i will consider adding calls. Again DIG/USO calls might be the way to go.

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