Play the OSX Slide but Watch This First

Not only can you short the OSX, check out the put options chain for the index.

   

A short opportunity looks to be setting up in the Philly Oil Services Index (OSX). But don’t get in too early: I’m looking for a bounce in the OSX before it ultimately drops down below the $200 area. And remember, often the best shorts are already in motion and you’ll get a counter-trend rally.


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