Market Commentary

I’ve been keeping an eye on the price of oil and everyone is talking about it but I’m guessing it’s going to crash hard at some point.   The price of natural gas has barely budged and other commodities don’t seem to be surging either so I’m left to believe that there is paper demand and games being played with oil futures.   Unfortunately I’m in-the-money with my OIH options but I’m hoping OIH will stay above $110 so I can cash out.     The only caveat is if a major hurricane blows through the Gulf of Mexico between now and July expiry.   In other news, the US Treasury (10 year) market didn’t do too well today as yields spiked.   I think the Fed is double dipping again so we’re in for some pain…

Keep an eye out and be careful out there….

ETF Covered Calls website is for educational and entertainment purposes only. Any investment activity is not without risk including loss of principal. Neither this website nor its authors assume any responsibility arising from the use or misuse of any information presented in this blog. You are urged to contact a financial adviser before making any investment decisions. Past performance is no indication of future performance.


About Investor Host

ETF Covered Calls.
This entry was posted in Market Commentary. Bookmark the permalink.

One Response to Market Commentary

  1. marc says:

    I think there will be some king of OIL blow-off
    in the near future…

Leave a Reply

Your email address will not be published. Required fields are marked *



You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>