Options traders are betting that crude oil is heading to $200 a barrel (gallon, companies)

[highcotton]

Options traders are betting that crude oil is heading to $200 a barrel

$200 a barrel oil would push gas to $6 or $7 a gallon or more at the pump.

[summers73]

Time to go long on the Texas Tea.

[txgolfer130]

Oil heading up? For sure. $200/bl...don't think so. The next level is $120's. From there we'll see.

[HomeWurkin]

I bought 100 shares of MRO today, just for giggles. Papa needs an Ipad 2.

May as well profit from the madness............. like the filthy rich do.

[steelstress]

Originally Posted by HomeWurkin

I bought 100 shares of MRO today, just for giggles. Papa needs an Ipad 2.

May as well profit from the madness............. like the filthy rich do.

Not a bad idea.

[Jaggy001]

Originally Posted by HomeWurkin

I bought 100 shares of MRO today, just for giggles. Papa needs an Ipad 2.

May as well profit from the madness............. like the filthy rich do.

I am in MMR. Already bought and sold them once since last November and made a nice profit. Then when the market pulled back a couple of weeks ago, went in and bought them again.

[Mircea]

Originally Posted by highcotton

Options traders are betting that crude oil is heading to $200 a barrel.

That's a bad bet. This will be over by the end of April.

[NJBest]

I spent about 12 hours studying the option trades chunk by chunk.... It hardly indicates such speculation. The options trades show an immediate correction followed by confusion.

[HomeWurkin]

Originally Posted by Mircea

That's a bad bet. This will be over by the end of April.

Don't forget the usual summer hike. I'd say we'll have pricey petro well into September. At that point it will die down.

[BlackShoe]

200 bucks? If so, would love to own stock in companies that manufacture bicycles , because a lot of folks will be using alternate forms of transportation.