Learn the trade here. Make it on tradeMONSTER

Options Trading News

July 3, 2013  Wed 8:17 AM CT

USO: SEE CHART GET CHAIN FIND STRATEGIES
Can we stop it with the gibberish about Egypt?

The military has played a positive role there historically, and the current government has not been pro-American--whether President Obama likes it or not.

TheStreet.com logoSure, oil is flashing that perhaps the Suez is closed--and I don't like a spike in oil--but it seems almost ludicrous that the market wouldn't like this change. There's been nothing but turmoil in Egypt for months; it just has finally hit the headlines.

What matters to me is this: So many are trying to interpret this market through the Egyptian lens that it becomes a fait accompli, but they shouldn't because there is no definitive link to the market at all.

Let's just say that if you liked a stock that's down but are worried about Egypt, you should use the opportunity to start buying.

It's just not all that cause and effect.
Share this article with your friends


Related Stories

USO

Oil fund faces another bearish play

November 20, 2014

Traders are taking bearish positions for second time this week in the U.S. Oil Fund, which has fallen from a 52-week high in the last five months and hit a 52-week low last week.

USO

Oil fund draws large bearish play

November 19, 2014

The U.S. Oil Fund has fallen sharply with the price of crude, and a large trader is positioning for even more losses.

Premium Services

Free Webinar Series

Using Options for Income

Education & Strategy

Importance of learning the basics

Personally, I could never understand how so many option instructors start teaching strategies before explaining what an option is. I...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER