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To: yard_man who wrote (26217)12/26/2001 2:28:13 PM
From: marginmike  Respond to of 209892
 
OSX are a great hedge against a BKX or SOX/QQQ short. If we are all wrong(which I doubt) Oil goes up. If there is a war oil goes up, everything else doesnt. If economy implodes downside much less and premiums much lower on OSX/XOI calls vs SOX and BKX. If Economy tanks due to price inflation or deflation Oil as a comodity and a defencive biz will fare better on downside proportionaly. Toboot COT at 5 year long on crude and Gas. I like those odds-g-



To: yard_man who wrote (26217)12/26/2001 2:30:15 PM
From: marginmike  Respond to of 209892
 
OSX are a great hedge against a BKX or SOX/QQQ short. If we are all wrong(which I doubt) Oil goes up. If there is a war oil goes up, everything else doesnt. If economy implodes downside much less and premiums much lower on OSX/XOI calls vs SOX and BKX. If Economy tanks due to price inflation or deflation Oil as a comodity and a defencive biz will fare better on downside proportionaly. Toboot COT at 5 year long on crude and Gas. I like those odds-g-