that being said, the powerful trend of lower gasoline inventories and bursting oil inventories is being modified with growing gasoline inventories. many of the factors that benefited refiners in 2012 are coming up against new realities in 2013. tso management has made some fantastic decisions and the balance sheet management has been tremendous, so there are things to like here. lots of gasoline piling up out there though so I'm curious to see if tso can keep the momentum going. usually winter dips are great times to buy. i wouldn't consider 40 a dip. maybe 35.
i'm holding jan/ feb in the money puts now. wouldn't surprise me to win big or lose big. guessing the inventories will push this down, but you never know.