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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: quehubo who wrote (33288)7/2/2004 9:15:02 PM
From: profile_14  Read Replies (2) of 206110
 
I am actually taking the opposite side of the trade. I sold my OIH puts this morning that I got last night and I bought puts on the XNG index Aug 260 at the close. I still own puts on XLE and was surprised to see it having nearly 25% short interest. I think we are going to go through the holiday weekend and find out nothing got bombed and the inventory is coming along just fine, and then, we will retrace some of the oil gains of last week. But at the end of the day, that is what makes a horse race. Best regards and good luck,
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