Thread: Option trading Jews betting on $200/barrel oil

"Option trading Jews betting on $200/barrel oil"

What does this have to do with Judaism?

I'd take the other side of that bet for 100% profit, not $200 by May 17.

But if they are right the stock market is going to shit so it's prolly good to own some big oils or an oil ETF to hedge your portfolio.

I might buy some $200 calls for January 2012, but I'm gonna wait for a pullback

Originally Posted by Phetamine

"Option trading Jews betting on $200/barrel oil"

What does this have to do with Judaism?

I was just being a smart ass.

It's all Bush's fault.

Originally Posted by sprayherup

It's all Bush's fault.

But of course.

Originally Posted by sprayherup

It's all Bush's fault.

Originally Posted by sprayherup

It's all Bush's fault.

to be "fair" only 80% of the 14T deficit is GWB's fault...

Originally Posted by LAM

to be "fair" only 80% of the 14T deficit is GWB's fault...

Ahhh....no. He's only good for about 6.3B of it. He's still a load of shit, but you gotta give credit where it's due.

a good portion of that is simply from reduced tax receipts 2011 will the the lowest year in terms of tax receipts since Truman in the 50's. luckily most people blow their federal income tax returns vs saving them.

reduced tax receipts at the local and state level are going to keep them all in the red for years...we are so screwed

Originally Posted by Big Pimpin

Saudi Arabia's `Day of Rage' Lures Record Bets on $200 Oil: Chart of Day - Bloomberg

Options traders are betting more than ever that crude oil is heading to $200 a barrel as some websites call for a “Day of Rage” in Saudi Arabia and anti- government protests spread in the Middle East and North Africa.

The CHART OF THE DAY shows open interest, or the number of outstanding contracts, for “call” options to buy New York crude for June delivery at $200 a barrel. The number has escalated, along with crude futures, to the highest since the options started trading in July 2009 amid worsening civil unrest in Libya and rare demonstrations in Saudi Arabia.

“If you look at the volatility and increase in money for call options in the last month or so, it does suggest that market participants are now more worried about the upside,” said Yingxi Yu, a Singapore-based commodity analyst with Barclays Plc. “People are also quite concerned about protests spreading across different parts of the region.”

Saudi Arabia produced 9.71 million barrels a day in 2009, one-third of OPEC output and almost six times as much as Libya, according to BP Plc’s Statistical Review of World Energy. Websites have called for a nationwide “Day of Rage” on March 11 and March 20, Human Rights Watch said Feb 28. Protests in five of the kingdom’s eight immediate neighbors have prompted King Abdullah to boost spending on housing, social welfare and education to curb unrest in his country.


“The price of oil is going to go up, whether you like it to or don’t,” said Juerg Kiener, chief investment officer at Swiss Asia Capital Ltd. in Singapore. “If Saudi Arabia fails, then I say you have a fire in the house. They gave out $30 billion of money so maybe they’ll buy time. But I don’t see the problems disappearing.”

Call options grant the holder the right, but not the obligation, to buy a security at an agreed price before a set date. The $200 June New York crude options expire May 17. Oil rose to $106.45 a barrel today, the highest intraday price since Sept. 29, 2008



(To save a copy of the chart, click here.)
To contact the reporters on this story: Kim Kyoungwha in Singapore at Kkim19@bloomberg.net; Ann Koh in Singapore at akoh15@bloomberg.net
To contact the editors responsible for this story: James Poole at jpoole4@bloomberg.net; Clyde Russell at crussell7@bloomberg.net

what a viscous cycle...OPEC has to raise rates due to the deflating dollar and we have to print more dollars to pay higher prices for crude...wtf?

Originally Posted by LAM

what a viscous cycle...OPEC has to raise rates due to the deflating dollar and we have to print more dollars to pay higher prices for crude...wtf?

But it's all okay because someone is making a dollar. That is sarcastic.

Fuck em.......they can't grow food in the sand, so stop exporting them food and we can get oil for free.

[QUOTE=Big Pimpin;2210060]Saudi Arabia's `Day of Rage' Lures Record Bets on $200 Oil: Chart of Day - Bloomberg

Yup.

Just the possibility of the uncertainty of Saudi Arabia (even if nothing happens) will cause Brent and WTI to rise.

And yeah, the speculators are driving the price of further.

Here is my daily check on oil prices: CRUDE OIL PRICE: Oil | Energy | Petroleum | Oil Price | Crude Oil Charts | Oil Price Forecast

A 200 call options with a serious spike in imp vol does NOT directly mean all speculators are betting long on oil. The imp vol just counts the number of calls and doesn't necessarily state if they are long or short (ie bought or sold).

side note, (LAM) This is where the market NEEDS a shorting tool to bring the over speculated price back down to reality...$200+/barrel is way too high unless KSA revolts which isn't going to happen...and even if it does revolt, some would argue that 200 is still to high.

Originally Posted by lnvanry

A 200 call options with a serious spike in imp vol does NOT directly mean all speculators are betting long on oil. The imp vol just counts the number of calls and doesn't necessarily state if they are long or short (ie bought or sold).

side note, (LAM) This is where the market NEEDS a shorting tool to bring the over speculated price back down to reality...$200+/barrel is way too high unless KSA revolts which isn't going to happen...and even if it does revolt, some would argue that 200 is still to high.

I disagree. You should not be able to trade commodities without taking possession. That one change alone would prevent people from simply trading these commodities for a profit rather than the price being driven by actual supply and demand.

Originally Posted by danzik17

I disagree. You should not be able to trade commodities without taking possession. That one change alone would prevent people from simply trading these commodities for a profit rather than the price being driven by actual supply and demand.

Do you have any idea how many family farms would be out of business w/o options or futures trading? Our food supply would be dominated by big agri business.

Originally Posted by danzik17

I disagree. You should not be able to trade commodities without taking possession. That one change alone would prevent people from simply trading these commodities for a profit rather than the price being driven by actual supply and demand.

I'm on the same boat with you..I don't think you should be able to trade or make a profit on things that are not tangible.

I just don't understand my counterparts logic

I give up

Oil markets well supplied, Algerian oil minister says | Reuters

Time to buy $100 Puts

Originally Posted by sprayherup

It's all Bush's fault.

It is...

Originally Posted by lnvanry

Do you have any idea how many family farms would be out of business w/o options or futures trading? Our food supply would be dominated by big agri business.

I see your point and I'll refine my idea.

These commodities should not be traded on an exchange open to day traders, hedge funds, etc. To trade said commodity, you should have a vested interest in it whether that means you are a buyer and own a farm, or a seller selling fertilizer (or whatever else they trade).

There's nothing inherently wrong with having a contract to buy or sell something at a given price, but the way in which those contracts are being used in relation to commodities is seemingly causing huge volatility in price that is in no way related to supply/demand.

Originally Posted by danzik17

I see your point and I'll refine my idea.

These commodities should not be traded on an exchange open to day traders, hedge funds, etc. To trade said commodity, you should have a vested interest in it whether that means you are a buyer and own a farm, or a seller selling fertilizer (or whatever else they trade).

There's nothing inherently wrong with having a contract to buy or sell something at a given price, but the way in which those contracts are being used in relation to commodities is seemingly causing huge volatility in price that is in no way related to supply/demand.

fair point

Originally Posted by danzik17

I see your point and I'll refine my idea.

These commodities should not be traded on an exchange open to day traders, hedge funds, etc. To trade said commodity, you should have a vested interest in it whether that means you are a buyer and own a farm, or a seller selling fertilizer (or whatever else they trade).

There's nothing inherently wrong with having a contract to buy or sell something at a given price, but the way in which those contracts are being used in relation to commodities is seemingly causing huge volatility in price that is in no way related to supply/demand.

yea...what he said

Originally Posted by lnvanry

Oil markets well supplied, Algerian oil minister says | Reuters

Time to buy $100 Puts

Yes, it might be the time Invanry.

I don't know what to believe when the oil nations make public comments about supplies, and/or pumping.

Option jews have been losing some money lately. Oil is at 98.69 pre-market. Some good opportunitiez in the market today

The headline would be moot if we would start to get off the dependency. How many multi-billions a year do we funnel to these jackwads overseas? Ya, those that despise us but still tolerate us enough to fill their coffers. It would create many, many new jobs in the process and the billions going out would start to be re-directed inward where it needs to be.

There, problem solved. World peace starts and everyone sings kumbaya.