Subject: Re: considering coat tailing OXY
The DITM calls on XLE you can get 2X leverage at under 1% implied interest rate.

This is why I am not selling any XLE calls lately. Last ones I sold were the 102 strikes that I opened and closed in April for a nice quick gain when they had more attractive pricing. It's odd to see the market pricing LOWER volatility in oil-related stuff while all the media is talking about higher volatility oil prices.