SChase

Options Trader: Friday Outlook

Phil,
I read your column often and you've been an oil bear for years now. I also agree that oil is most likely in a bubble stage. However, I wonder how much money you've lost going against the grain on oil, or, against any bubble for that matter? You are obviously a contrarian who despises hype, however, the worst thing you can do as a trader is to be on the wrong side of a bubble. My question to you is, how many shots have you taken on shorting oil? I would guess you've taken quite a few based on the tone and frequency. How have they worked out?

Schase