Oil Stock ETFs See Reversal on Big Volume [View article]
DCR IS NOT AN OIL-SHORTPLAY ANYMORE!!
@Kunst: DCR is worth more or less zero. It is going to get liquidated in a few weeks because oil traded for more than three consecutive sessions above 111$/barrel, triggering the liquidation event. so unless you expect oil to fall below 110$ over the coming few weeks when the actual liquidation of dcr will take place you will lose 100% ion DCR. there are plenty of articles on sa regarding dcr and the liquidation issue. and if you really want to play on crude falling below 111 by june or july buying outright put options on the nymex will be the cheaper play
-
DCR IS NOT AN OIL-SHORTPLAY ANYMORE!!
May 23 07:09 am
|Rating:
0
0
All Comments by fxtrader07 »Oil Stock ETFs See Reversal on Big Volume [View article]
@Kunst: DCR is worth more or less zero. It is going to get liquidated in a few weeks because oil traded for more than three consecutive sessions above 111$/barrel, triggering the liquidation event. so unless you expect oil to fall below 110$ over the coming few weeks when the actual liquidation of dcr will take place you will lose 100% ion DCR. there are plenty of articles on sa regarding dcr and the liquidation issue.
and if you really want to play on crude falling below 111 by june or july buying outright put options on the nymex will be the cheaper play