Dan pointed me to this video from last night’s Fast Money with a very good discussion on oil related stocks: . I wanted to zoom in on one point made by Pete towards the end …
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The relative underperformance of the energy sector vs the rest of the market since July has been quite a sight. A simple chart of sector ETF performance in 2014 does the trick (XLE in white): …
Continue readingSchlumberger hit a new all-time high last week on massive volume after very bullish analyst meetings where the company laid out guidance all the way to 2017 (guiding $9-$10 per share) in a major show …
Continue readingEnergy was the major sector that saw the most stock and options volume yesterday. Volatility picked up a bit, as VIX spot closed above 12 for the first time in a week. Calls were still …
Continue readingOne of the most interesting themes as it relates to unusual options activity over the last month has been the bullish flow in energy related names. In our daily unusual options activity post Too Many …
Continue readingStock market volumes were anemic once again, even with the debacle surrounding the ISM release, which had to be revised midday after a faulty release at the scheduled 10:00 am release time. Options volumes were …
Continue readingHere is a list of some large option block trades that caught our attention today: 1. VIX – more upside call buying today with one trader buying 40k Apr 22 calls for 1.28, break-even is …
Continue readingConoco-Phillips is up 26% in 2013. That’s for one of the largest diversified energy companies in the market, nearly $100 billion market cap. The stock has rallied right up to its 2008 all-time high: The …
Continue readingTrade Update June 21st, 2013: Earlier this morning CC updated our thoughts heading into today’s expiration in his Considering Our Options post (here) and the conclusion was with both spreads at intrinsic value that …
Continue readingOk, before the open I laid out the case for Short XLE via Long Premium and Long XLU via Short Premium, and why I liked the 2 as a pairs trade. When XLE was up …
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