When You’re Prepared, Threats Become Opportunities

0 | By Shah Gilani

Investors have had a lot to process in recent weeks. In fact, after dominating the headlines for weeks, the Greek Debt Crisis got knocked aside by a deal and then a “flash crash” in gold and an elevator shaft-like plunge in Chinese stocks.

And that’s not all. There’s oil, which has fallen back again after rallying a bit earlier in the year. There are worries about if and when the U.S. Federal Reserve will boost interest rates. Then there’s the U.S. bull market in stocks, which celebrated its sixth birthday back in early March – and a tech sector that has pundits whispering about “bubbles” and “dot-bomb” implosions.

So for today’s issue of Wall Street Insights & Indictments, I decided to do something a little different. I sat down with Money Map Press Executive Editor William Patalon III to analyze those challenges, to recommend the best spots for profit and to highlight the strategies we believe will help you make money – and keep what you make.

Here’s an edited transcript of our talk…

Oil Is Lower – and You’re Richer

0 | By Shah Gilani

On July 16, I gave you the real story on why oil prices are falling – and a trade to make you some easy money.

Since then, West Texas Intermediate (WTI), the U.S. crude oil benchmark, is down 5%. As of midday yesterday, the October $15 puts on the United States Oil Fund LP ETF (NYSE ARCA: USO) that I recommended buying when they were trading at 50 cents each were up 40%, and trading at 70 cents each.

Here’s what’s happening with oil now – and what to do with your winning USO position…