Options: Dispersions and Volatility Spreads

[WinLoseOrDraw]

Aren't insane IPOs supposed to be the hallmark of a sector topping? Time to start shorting crude? Oil services?

SURGUT, Russia (Reuters) - Rosneft President Sergei Bogdanchikov is courting investors to build the Russian state oil company's $20 billion initial public stock offering into the main event on the world's emerging markets this year.

Speaking to reporters in a luxury jet high over the oil fields of Siberia, Bogdanchikov said Rosneft was considering placing shares on up to seven exchanges, including London, Tokyo, New York and Frankfurt.