o*****c
发帖数: 241 | 1 Buy Feb Crude and Sell Dec Crude. $23 Spread for 10 months. It is insane!
U can either take Feb physical delivery or roll the contract until Dec.
Storage cost/rolling contract cost is negligible. |
s********n
发帖数: 1962 | 2 sigh, 就你聪明。你 rolling contract 一次看看？赔死你。
你 take 一次 physical delivery，看看现在你能找到地方存么？
别把市场当傻子，for everything happens, there is a reason.
【在 o*****c 的大作中提到】
: Buy Feb Crude and Sell Dec Crude. $23 Spread for 10 months. It is insane!
: U can either take Feb physical delivery or roll the contract until Dec.
: Storage cost/rolling contract cost is negligible.
|
o*****c
发帖数: 241 | 3 if the spread is too high when you try to roll front month contract to the next month, just take the delivery. why not be able to find a place to store? so many storerage places in Oklahoma.
【在 s********n 的大作中提到】
: sigh, 就你聪明。你 rolling contract 一次看看？赔死你。
: 你 take 一次 physical delivery，看看现在你能找到地方存么？
: 别把市场当傻子，for everything happens, there is a reason.
|
s********n
发帖数: 1962 | 4 you are too late seeing the contango problem.
there are plenty of articles explaining why the contango is so huge.
just google.
【在 o*****c 的大作中提到】
: if the spread is too high when you try to roll front month contract to the next month, just take the delivery. why not be able to find a place to store? so many storerage places in Oklahoma.
|
o*****c
发帖数: 241 | 5 i don't care about the reason other writers talk about. just want to know
whether money can be exacted from this extremely abnormal curve. if a
storage place can be found to take the physical crude in Feb, is there any
other problem to get the 60% profit?
【在 s********n 的大作中提到】
: you are too late seeing the contango problem.
: there are plenty of articles explaining why the contango is so huge.
: just google.
|
s********n
发帖数: 1962 | 6 well, yes, as long as you can find a storage with cost (including
the transportation) less than the contango ...
And that's the problem, you can't ... not now.
【在 o*****c 的大作中提到】
: i don't care about the reason other writers talk about. just want to know
: whether money can be exacted from this extremely abnormal curve. if a
: storage place can be found to take the physical crude in Feb, is there any
: other problem to get the 60% profit?
|
K****D
发帖数: 30533 | 7 how about backyard?
【在 s********n 的大作中提到】
: well, yes, as long as you can find a storage with cost (including
: the transportation) less than the contango ...
: And that's the problem, you can't ... not now.
|
s********n
发帖数: 1962 | 8 each contract is 42000 gallons. If you got enough containers in your
backyard, sure...
【在 K****D 的大作中提到】
: how about backyard?
|
j********1
发帖数: 628 | 9 according to a wsj report a week ago, cushing storage facilities are almost
full. people are also bidding up floating oil tanks. Storage cost is no
longer negligible. |
K****D
发帖数: 30533 | 10 Good yah, my $1.5 gas dream is looking good...
almost
【在 j********1 的大作中提到】
: according to a wsj report a week ago, cushing storage facilities are almost
: full. people are also bidding up floating oil tanks. Storage cost is no
: longer negligible.
|
|
|
j********1
发帖数: 628 | 11 i already enjoyed 1.5$/gallon shell gas a month ago. now even oil price went
back to below 40, gas price here is still hovering around 1.95. i don't
know why. maybe due to bad weather.
【在 K****D 的大作中提到】
: Good yah, my $1.5 gas dream is looking good...
:
: almost
|
m******u
发帖数: 69 | 12 It seems that some IBs already rent supertanks to store oil. It is estimated
that the storage fee is $1.5 per barrel per month.
next month, just take the delivery. why not be able to find a place to
store? so many storerage places in Oklahoma.
【在 o*****c 的大作中提到】
: if the spread is too high when you try to roll front month contract to the next month, just take the delivery. why not be able to find a place to store? so many storerage places in Oklahoma.
|
s********n
发帖数: 1962 | 13 what is IB?
If you mean investment bankers, they don't do this kind of job.
If you mean investment banks, they don't exist any more...
estimated
【在 m******u 的大作中提到】
: It seems that some IBs already rent supertanks to store oil. It is estimated
: that the storage fee is $1.5 per barrel per month.
:
: next month, just take the delivery. why not be able to find a place to
: store? so many storerage places in Oklahoma.
|
m******u
发帖数: 69 | 14 http://www.bloomberg.com/apps/news?pid=20601087&sid=ax3DSN5JZsBY&refer=home
For IB, I mean commodity trade departments in large banks, e.g. Citibank,
Morgan Stanley, Deutsche Bank.
【在 s********n 的大作中提到】
: what is IB?
: If you mean investment bankers, they don't do this kind of job.
: If you mean investment banks, they don't exist any more...
:
: estimated
|
c**********e
发帖数: 2007 | 15 On December 19, 2008, Jan contract was trading at $33 while
Feb contract was trading at $42.5. So the profit would be
almost 30% in a month, if one can store and ship the oil. |
