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Gold/Mining/Energy : Oil Sands and Related Stocks -- Ignore unavailable to you. Want to Upgrade?


To: MonetizeMe who wrote (10397)6/2/2006 2:14:31 PM
From: insitusands  Read Replies (1) | Respond to of 25575
 
Actually, I'm using SPY puts as they appear cheap. Since I'm so bullish long term on both crude and oil sands I cannot in good conscience short the E&P's or the drillers and as you have pointed out the puts are not cheap. I am also not confident that even in the event of a severe correction the way out of the money puts in those sectors would pay off.