On CNBC’s “Options Action,” Mike Khouw spoke about an options strategy that he would use to get a long exposure in the energy space after a sharp move higher.
He said that crude oil inventory is still incredibly high and he thinks that it won’t trade significantly higher until the inventory declines.
Related Link: Crude oil Rips North
Instead of trading crude oil, he would consider making a modestly bullish bet in Schlumberger Limited. (NYSE: SLB), which is the strongest company in the oil service space. Khouw added that the company is cash flow....More>>>