Oil is looking like a good buy this week

Oil is looking like a good buy this week as it again approaches $70 per barrel. I would recommend that readers top up positions from earlier this year and buy as much as another 25% of a full position on Monday or Tuesday (depending on price).

Oil call options are especially cheap as not only is oil attractively priced but implied volatilities are relatively low as well. I would recommend that readers consider implementing further long positions with long dated call options. This likely to yield the biggest bang for the buck.