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Nothing to see here (lemmy.ml)

submitted 2 months ago by cm0002@lemmy.cafe to c/politicalmemes@lemmy.ca

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[–] cyberpunk007@lemmy.ca 11 points 2 months ago (4 children)

opened a $20M oil?

[–] forestbeasts@pawb.social 22 points 2 months ago (3 children)

Probably "oil long" is the opposite of an "oil short", where you bet the price is going to rise, as opposed to betting it's going to fall? I don't know much about this stuff though.

-- Frost

[–] captainlezbian@lemmy.world 6 points 2 months ago (2 children)

Isn't the opposite of a short just buying stock/commodities? Maybe buying them on credit if you want to get 1920s with it

[–] dermanus@lemmy.ca 1 points 2 months ago

Yes, but you can also be long in futures or options. They can be more profitable but are higher risk. Assuming that you aren't in the room for market shifting events anyway, then the bets are much more certain.

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