Seeking Alpha
  • Peter Epstein
    David White, how close is Brent crude, priced in Euros, to its all-time high? That headwind not helping Europe either.
    2/24/12
    Reply (8)
    • 458402: I believe it is above it's all time high priced in euros
      2/24/12
    • Peter Epstein: Why is no one is talking about that with regard to a European recession? Are gasoline prices less impactful to household budgets there?
      2/24/12
    • 458402: nope....you know how this works Peter. Everyone has on blinders until the king has no pants. It's not a problem until it is.
      2/24/12
    • 458402: that's why we take the stairway to heaven up and the parachute down. Best bet...play volatility....right now it's cheap
      2/24/12
    • Peter Epstein: I'm long call options on the "VXX" ETF. How do you play volatility?
      2/24/12
    • Ocean Man: Calls have daily time decay and VXX has daily contango decay (and fees). VXX calls have both of those decays. That's why I short XIV.
      2/25/12
    • Peter Epstein: thanks! that is great color. XIV, I will look into it
      2/25/12
    • 458402: I purchase calls on the VIX...no decay except for time decay...
      2/27/12