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Long SCO With A BAC Call Option Hedge Is A Tactical Pair Trade

Long SCO With A BAC Call Option Hedge Is A Tactical Pair Trade

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SCO is an ideal way to short oil as it trades 2x inverse with WTI futures. Global growth is downshifting while OPEC+ is ramping production. Call options on Bank of America provide a hedge if oil does not decline, as this scenario would involve higher US yields – supportive of net interest margins.

...read full article on Seeking Alpha

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