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I have decided to invest $20,000 on 3 stocks long term call options (more than 1 yr).
I'll buy Apple. Which other 2 stocks will you recommend? Jan 2022 expiration. I'm thinking one of oil and gas companies as they will rebound post corona. The other still have no idea. Amazon, fb or google perhaps but section 230 may affect these stocks.
Just me but I sure wouldn't bet on oil. There's too much of it in the world, at too cheap a price. Excluding Chinese manufacturers there are probably going to be over a million customers in 2021 that will go electric and never buy oil again.
Who knows how many Chinese electric cars will be sold.
And that will repeat every year. and get bigger every year.
Funds are divesting themselves of oil for political and liability reasons. The Rockefeller Foundation is divesting of oil !!
Natural gas is now starting to become more expensive that wind/solar combined with storage.
Just me but I sure wouldn't bet on oil. There's too much of it in the world, at too cheap a price. Excluding Chinese manufacturers there are probably going to be over a million customers in 2021 that will go electric and never buy oil again.
Who knows how many Chinese electric cars will be sold.
And that will repeat every year. and get bigger every year.
Funds are divesting themselves of oil for political and liability reasons. The Rockefeller Foundation is divesting of oil !!
Natural gas is now starting to become more expensive that wind/solar combined with storage.
I have bias on this because I work for one of the majors o&g. So I want to invest in our company. I do know our current stock price is still much lower than it was pre corona. Since it's only jan2022 option, EV still not affecting it "considerably". Jet fuel demand will also bounce back.
Why fool around with options -- which are just a zero-sum game?
I suspect the big companies that write most options create inverse synthetic options to offset their open positions. They basically just collect the premiums. So they're not a zero-sum game.
I have decided to invest $20,000 on 3 stocks long term call options (more than 1 yr).
I'll buy Apple. Which other 2 stocks will you recommend? Jan 2022 expiration. I'm thinking one of oil and gas companies as they will rebound post corona.
In March when the sky was falling, I started a position in COP, which had the best financial fundamentals of the oil majors at the time. As of yesterday, I am up 65% over that entry point. So oil has been recovering.
Not sure what is going to power the electrical generation plants when everyone goes to EVs, but it won't be 100% solar or wind. Oil is out of favor with the flavor-of-the-month gang, but I wouldn't bet against it just yet.
I have yet to see a rational case of how all the needed electricity will be produced with wind and solar as well. I assume coal will continue to decline and natural gas will take it's place until the huge electric grid is built, all the new gasoline cars retire, and wild solar and nuclear power sources are added. I am in oil/gas because I know society will need it, also into green energy because I know the government will throw money at it.
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