morgan77

Options Trader: Wednesday Outlook

I'm gonna jump on the bandwagon here today with junkyarddog and say that I'm also a big fan. I love the humor in your pieces (even if I'm slighting biased- my parents are UMASS Amherst Alums and I'm at Amherst College) and you're always right on!

On the issue of Iran and their missiles and what could happen to a precious gasoline supply if they use them to take control of the region (or entire world...), there's a great article on greenfaucet.com today. The author argues that once the Iran missile issues fizzles, oil to make its much needed/anticipated correction. Once that happens speculators will get rid of their longs, and this will bring oil down even more- she argues that oil has $10 to go down.
Here's the link:
www.greenfaucet.com/en...