2 replies [Last post]
Keynes's picture
User offline. Last seen 6 years 25 weeks ago. Offline
Joined: 02/27/2009
Posts:

I'm bullish on oil (long term. I'm not bullish on very much in the short term), however I've never been particularly impressed by the mechanism of the USO. Sadly, because I'm selling covered calls as I buy, I don't really have an alternative. None of the other funds really seems to meet my desire to profit on long term oil prices, but 1 month futures contracts only have a limited correlation. Anyone have any good plays that could capitalize on my motives with a better mechanism?