Oil plummets 30% as OPEC deal failure sparks price war fears

Re:Oil plummets 30% as OPEC deal failure sparks price war fears by jmpman on Sunday March 08, 2020 @08:45PM (#22521881)

Let’s say you believe the prices will recover in a year, what’s the best stock market play to profit?

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Re:Oil plummets 30% as OPEC deal failure sparks price war fears by tenpies on Sunday March 08, 2020 @10:06PM (#22522287)

If you can time it perfectly (e.g. directionality is constant), then UWT or GUSH are 3X crude ETFs. The 3X means you are exposed to decay so the return won't be as good if it goes down then up.

This is also assuming either ETF exists come Monday. The rapid drop (>30%) could mean the products are ended.

In that case it may be worth getting long-term XOM (or other petroproducer) calls.

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Re:Oil plummets 30% as OPEC deal failure sparks price war fears by quickthrowman on Sunday March 08, 2020 @08:56PM (#22521938)

Buy LEAP calls on QQQ 1+ year out

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Re:Oil plummets 30% as OPEC deal failure sparks price war fears by arsome on Sunday March 08, 2020 @09:09PM (#22522015)

QQQ is tech heavy, if you want more general consider SPY or for oil consider XLE or VDE.

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Re:Oil plummets 30% as OPEC deal failure sparks price war fears by brobinson on Monday March 09, 2020 @12:11AM (#22522935)

You can also do SPX instead of SPY for the ability to get out at any time under a year at 60% LTCG (section 1256 contracts). Those are expensive contracts, though.

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Re:Oil plummets 30% as OPEC deal failure sparks price war fears by CyanLite4 on Sunday March 08, 2020 @11:23PM (#22522716)

ETF with ticker symbol “USL”.

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Re:Oil plummets 30% as OPEC deal failure sparks price war fears by crusty511 on Monday March 09, 2020 @08:58AM (#22524981)

https://etfdb.com/etf/USL/#performance ?

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