Quote:
Originally Posted by mmcfadden
Spent .35c
jan 09 put PHMMA
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Wow, that is a speculative bet. Out of the money put option and you are only paying for time value.
Looking at the implied volatility of market, it will go up and down for a while..
I would do straddle or strangle on that one to be safe.
Good luck!
Btw, if anyone has a good out look on U.S dollar, I would definitely invest in buying futures contract on $. Goldman Sachs outlook is that $ will gain strength for about a year. If anyone is interested you can run correlation between $ and crude oil, they can see that as U.S dollar gains in value, a barrel of crude oil tends to drop.