Did I miss anything? BS!
SCO is going to 500 or 1000 or 10000 per share. I heard soon the price of oil will go negative, they will pay you to store it.
Yes, for some it is play, for others it will be a life changing recession. The market crash is causing a recession.
Cannot believe it. Did you ever imagine when XIV was 50, that it would be 17 right now, and further that it is probably going to single digits soon? Did you ever imagine it?
If UVXY goes to 100, I would expect XIV to hit 10.
He was saying oil will hit 10.15, not UCO. LOL! What is the expiration date on the calls, and how much did they cost? If/when SCO hits 300 or so, I will be buying either UCO or UWTI. It looks like oil will hit 20, which puts SCO around 350. Unreal!
Wow! $60! In what time frame? I know a couple people who shorted heavy and would be almost wiped out!
Seems interesting. Jeremy Grantham says we will see 1150 by early to mid 2018. If so, we will all be homeless.
The decay on this?!
so a 50% loss, leads to 100% gain in SCO putting it around 360. Figure it won't be in a straight line, so with compounding decay might only make 300.
I think when SCO hits $360 I will put every last cent in UCO. It will most likely be around 2.50 I guess. What a market!
Do you think SCO will hit 360 in 2016? It sure looks like it, even though it was 25 a couple years ago. Who would ever have believed it would go from 25 to 360? I think if SCO is around 360 at the end of 2016, it means oil is about $15 per barrel!
If SCO in fact is going to 360 in the next year, I am curious where UCO would go. Best guess would be $2.50.
OK. Looks to me, with SPY down $1 and UVXY basically flat, the VIX is about done for now. I think they might do more QE too! I am going to take a beating on SCO short calls today, 10 calls shorted for 28.50, they will be 40 today. I will never cover! They can't get SCO to close over $360 a year from now with all the ups and downs.