erx

[mkarpoff]

Do you ever look at etfs/etns such as erx? It seems to me that a small allocation here could turn out nicely. It is very volatile, but if we are at an oil bottom, the upside could be great. Thx.

[smjjpres]

You can also look at UWTI and UGAZ, though the 'contango / decay' erodes value if the move you are planning doesn't happen reasonably quickly...