Here are some apparently directional untied options trades that caught our attention in today’s trading:
Continue readingCrude Oil
On Wednesday (Big Printin’ – XOM Dec Calls) we highlighted some out of the money call buying in Dec expiration in Exxon (XOM): XOM… saw some fairly heavy short dated call volume that was 2.5x that …
Continue readingAfter some early weakness this morning, Crude Oil held at near term support, and is now threatening to break above the uptrend from the February lows: The technical set up here feels precarious at best, …
Continue readingYou know the drill, even if you’ve forgotten it. But thanks to Larry McDonald updating a Tweet of his from last Summer, here’s a reminder: Here we go again (2)#Dollar#Oil#Debt — Lawrence McDonald (@Convertbond) July 20, …
Continue readingThe OPEC meeting came and went this past weekend, and as the investment world is well aware, after a sharp but brief drop yesterday, Crude Oil is trading very near the levels where it closed …
Continue readingEarlier I had some thoughts on Tesla’s unveiling of their mass market electric vehicle expected to ship in late 2017 ¯\_(ツ)_/¯ (see below). I wanted to follow up with a trade idea not too different then the …
Continue readingIn case you missed it last night, Tesla’s (TSLA) CEO Elon Musk unveiled their highly anticipated mass market electric vehicle. The Tesla Model 3 will start at $35,000 (before government subsidies) and will be available …
Continue readingYesterday I highlighted the violent upward reaction in global equities and the Euro following the ECB’s announcement of monetary easing measures. By the end of the day European equities had traded in a 5% range, …
Continue readingPrior to Crude Oil’s 45% rally off of last month’s 13 year lows, the commodity declined 75% from its 2014 high, remains 65% off of those levels, and is down about 75% from its 2008 …
Continue readingA little more than a month ago on Oct 9th (here) we made a defined risk bearish bet that shares of Exxon (XOM) would fail at the sharp downtrend near $80, that had been in …
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