The "daily Call" From Option Alpha: Options Trading | Stock Options | Stock Trading | Trading Online

Hey everyone. This is Kirk here again at Option Alpha and welcome back to the daily call. Today, we are going to be talking about how to invest in oil. Now, we’re definitely not talking about buying oil rigs or investing in offshore drilling platforms, but we’re talking about how you can invest in oil if you want to gain some exposure in your portfolio, whether that's directly with some ETFs and tickers or you want to gain some exposure with futures contracts, etcetera. Some of the ways that you can obviously invest in oil is you can invest directly in some of the major corporations that deal in oil, Exxon Mobil, ticker symbol XOP, Chevron, CVX, some of the other ones. There are big names out there you can just search. That's a very direct way to go about it. You can also invest in a lot of baskets of ETFs around the oil market. Some of the popular ones and ones that we actually trade options around as well are XOP which is the spider oil and gas exploration ETF. You have USO which is the United State oil fin