View Full Version : Beat the gas prices!!! Heres How!!!
LAST EDITED ON May-08-01 AT 09:33PM (CST)[p]LAST EDITED ON May-08-01 AT 09:32*PM (CST)
LAST EDITED ON May-08-01 AT 09:17*PM (CST)
LAST EDITED ON May-08-01 AT 09:16*PM (CST)
Everyone has herd about how the farmer hedges his crop using the futures market. We can do it too. Here is what I did today. Besides fishing,commodities are a hobby of mine. Today I bought what is called a "Bull Call Spread" in the unleaded gas market.
This is very difficult to explain so it would be best to call a Commodities broker to explain it.
The bottom line is that if gas prices continue to rise I may be one of the happiest guys out on the lake. For about $370,the absolute most I can lose, I set myself up to make about $4000 if the gas prices go up another 25 cents by the end of june. If I make no money it is ok because then gas prices will have stayed in this area that I can live with. It is just a lot less stressful filling up the truck and boat. Just my thoughts, kuip
Who's your broker? (n/m)
05-09-2001, 04:55 AM
n/m
JasonMN
05-09-2001, 05:32 AM
FYI:
http://www.futuresguide.com/bullcall.htm
Butch
05-09-2001, 07:29 AM
What securities did you by the options on?
Thanks in Advance!
B2
Tim Kelly
05-09-2001, 08:43 AM
The other way is to break out the oars and get rowing.
Tim
The Great Guide
05-09-2001, 09:21 AM
Buyer beware! Future trading is a very complicated and volatile form of investing. The markets can change in an instant and a good profit can be wiped out in minutes. One can make thousands and even millions if they have the knowledge, connections, technology and $$$$ at hand to be a player. But this form of investing is not for amatures. So watch your $$$$.
If the average Joe is concerned about the cost of GAS and you can anticipate let's say $400 additional cost for the fishing season. Why not get a part-time job for $10 an hour work 40 hours, quit, then cash your check and go fishing.
TGG
Jig'N John
05-09-2001, 10:15 AM
If anyone needs advice on investing in futures on the commodities market, contact Hilary Clinton, she made a killing there.
Jig'N John
Hello KUIP
Good to see a fellow trader--buy a call and then sell another call with a higher strike price to help pay for the call closer to the market. I also like selling naked puts and just take in the premium.
I am a Michigander who only fishes in Canada 5-8 trips per year no real jop just make a few easy trades per month only selling premium have 30 positions on at this time.
My fishing in Ontario is all packing in with an inflatible or a canoe on a quad and portage thru river systems to lakes where I have never seen another person.
Good trades to ya and fishing.
len
Yes len, selling options is one way to do it. The only reson I posted a bull call was because it would be the least expensive way to do it for the newbie. That way they would not have to margin up for for the price of a contract which would have to be done when selling a put.
Agree very much so. But if you know anything about trading you would know that the most that could be lost when buying options is the amount paid for it. Tight Lines, kuip
if you are interested you could e-mail me. kuip
tim(wi)
05-09-2001, 04:26 PM
This is how I beat the high gas prices.
1. Parked my 3/4 ton v8 pickup. 11 mpg
2. Bought a 550 motorcycle (used) to commute to work. 35 mpg
let,s see, $10 per hour = 5 saturday's at 8 hrs per day. When could one fish?
The Great Guide
05-10-2001, 05:03 AM
You are right. But then what happens to your hedge on fuel prices. That would not be sound investment strategy. TGG
The Great Guide
05-10-2001, 05:24 AM
How about 4 hours a weekday night for two weeks. Or, one 4 hour shift for 10 weeks. Afterall, a person does not need to purchace the fuel all at once.
TGG
I'll probably burn 300 gallons of gas in my boat this summer, give or take. At $.50 increase over last years price, that works out to $150.00 increase spread over 20 weekends.
Big yawn!
Hans
fed up
05-11-2001, 02:31 AM
you know i think he's got something there! i think that is the whole problem with our society. we are so anxious to make a quick buck,that by buying and selling petroleum and home heating fuel on the open stock market we have screwed ourselves. it's not the industry on a whole but ourselves driving up the prices. one day i heard paul harvey promoting investment in home heating fuel. what the ##### is wrong with people? home heating fuel? people NEED this to keep warm in the winter in areas of the country where it gets very cold at night,it's not some ##### luxury thats wasted frivolously!!! you are all sadly mistaken if you think you will win against the petroleum industry!
BROKE
05-11-2001, 02:59 AM
I use a small bilge pump with a portable battery and some 3/8 hose. I can fill a 5 gallon can in about 3-05 min. I only borrow fuel from stockbrokers, investment guys and tax collectors. I feel if they are stealing from me, why not get some back. Maybe this board can advise me of some other suitable people I can "borrow fuel" from..............