If you’re looking to trade the swings in crude you've probably looked at the United States Oil Fund or some of the refiners or even the airlines as a proxy for the sector. But Jeff Macke thinks you can trade crude with casino stocks!
Here’s his thesis. Because of the high price of fuel airlines are reducing flights including those to Las Vegas and “Vegas needs that like they need a hole in their head.” With fewer visitors and people already cash strapped he’s bearish on the space.
Guy Adami doesn’t buy it. Las Vegas Sands around $49.50 would look attractive to me, he counters.