SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Big Dog who wrote (12435)2/22/1998 5:41:00 PM
From: William L. Oppenheim  Read Replies (1) of 95453
 
The Middle East uncertainty will not go away. In fact it may well intensify. Saddam will claim victory, of course, and in fact he will have won this episode. He will agree to a settlement, but will not stick by it just he has not stuck by the one forged at the conclusion of the Gulf War. Why should he. No one appears to have the will to stop weapons of mass destruction in a place that has shown it does not hesitate to use such weapons. Unless we really end up destroying his capabilities, he will continue to be a problem with all the attendant headlines for the forseeable future. In fact he may be more of a prolem with the oil embargo released, his military financing replenished, and his position bolstered by the political win among the Arabs sympathetic to his call. The market dislikes uncertainty, and will thus continue volatile, and difficult to predict. Your straddle is a good bet in a volatile market when you don't know which way things will break, but the third possibility is that there will end up being little change. Then you are out the premiums or at least commissions on both ends. Also, the unraveling of this position in a volatile market may not go as expected either. But don't listen to me too much as I don't do options, and therefore am hardly an expert. Just my two cents.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News