Posted on Jan 5, 2020
Oil Set for Bumpy Week as U.S. Says Iran May Strike Saudi Again
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Saudi Arabia
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Oil
Posted 5 y ago
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LTC (Join to see)
I bought oil stocks a couple years back and they've been losing all year so now I can hedge my bets
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MAJ Ken Landgren
I never bought oil options but I think the way they work is you can buy an oil option or contract lets say for $100,000 of oil with 10% down which is $10,000. If oil prices double, your contract is worth $200,000. You made $100,000 on a $10,000 investment. But you can lose your ass too if the price goes south.
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