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Strategies & Market Trends : Option Strategies -- Ignore unavailable to you. Want to Upgrade?

To: sm1th who wrote (2282)	11/30/2021 9:14:47 AM
From: robert b furman	Read Replies (1) \| Respond to of 2591

Hi Sm1th, I think price of crude got ( short term) ahead of itself. Once we get a cold spell, heating oil will pick up the slack. This S Africa variant is weak and not lethal - it's the flu! We've had a very warm fall - 50's in the entire month of October and some of November. I just this week, put in my driveway plowing markers, usually by now the ground is frozen. My last heating fill up was in April and we topped it off yesterday. I've never gone 6 months without a fill. Crude's price got a bit ahead of itself. Bottom line 4-5 years of investment cuts and the relentless well depletion rates (which also impact the many smaller OPEC+ members). Opec+'s gradual boost to production is actually lagging vs. the usual cheating. We've got an energy crunch coming and it can be seen like a slow train wreck. This S African variant is weak stuff - it's the flu. Travel will boom this Christmas, pharma and Biden love to strike fear into the masses. I'm very tired of it. Opec+ has pricing now that they are over 50% of global production. Gas/diesel are going to get very high. Most Americans will moan. These dips are more than an investment, they are the hedge towards the coming energy spike and its ubiquitous inflationary impact on anything that must be transported. Buying stock and selling puts to help pay for it, is the hedge of the year. Maybe the hedge of the decade if we don't have a policy shift regarding energy. This is a long read, but well worth all of it. First off for the morning read, focus on fossil fuel section and the uranium read is good as well. f.hubspotusercontent40.net Good to know I'll be an owner of shares with good company. Gonna try to sell some more PSX puts this AM. December 65's? Prefer to pat taxes out into next year though. January 65's? Whatever gets me a 6% dividend yield. Bob