With this view in mind, I am looking for a bearish setup in the VanEck Oil Services ETF (OIH) .
This ETF seeks to track the largest, most liquid companies involved in oil drilling and selling oil equipment based on market capitalization.
However, my trading platform indicates that this will tie up $5,500 of portfolio margin, a significant amount for a potential profit of just $430.
Yet, since I'm paying a debit for the $365 call, it also decreases my profit potential from $430 to $133.
I will need a good trade management plan with a stop loss in case the trade starts going against me.
Persons:
Max, Nishant Pant
Organizations:
VanEck Oil Services, Schlumberger, Halliburton, Oil Services