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Monday, September 11, 2006

Valero Energy (VLO)

This is basically a bet on Crude Oil but I'm on the lookout for a quick bounce based on the daily's and the models (more on this in a later post). Will report if I put on a position.

I am the owner of Oct. 60 Calls. Would have gotten a better price if I had any extra cash....

Wow, what a sh*tty call! Chalk that up as a learning experience. When commodities trend, get on the train or get outta the way! Here's something to ponder though, Crude Oil versus VLO:

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