Two weeks ago I had a very poor entry on a contrarian bullish directional trade in XLE (rationale below), but here from Oct 3rd: TRADE: XLE ($88.30) Bought the Nov 87 /92 / 97 Call Butterfly …
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XLE had its highest single volume day since November 2008, quite incredible considering the intervening 6 years. The ETF bounced right around the critical $80 level, which was around the high in 2011: The volume so …
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Given the severe oversold nature of the oil sector last week, we put on a couple of trades that were designed to play for a bounce from severe oversold conditions. However, today’s selling has taken …
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Earlier (below), I laid out a bullish thesis on Chevron (CVX), but I wanted to add a trade idea that looks attractive in the Energy Select etf (XLE) for those who share a contrarian bullish …
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Despite no shortage of geopolitical headlines that could cause supply shocks in the crude oil market, the price of the commodity has seen a precipitous drop (down about 16%) from the 52 week highs made …
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We often highlight unusual options activity, not because we have the intent of following, but more importantly as a gauge of sentiment and to get a better sense for large movements in capital flows. Yesterday …
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Schlumberger 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 …
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Yesterday we laid out the case (below) for a potential trade in XLE, though we decided to wait until this morning rather than rush a trade into the close. This morning, WTI crude oil is …
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Crude oil is trading at its lowest level in almost a month, below its 200 day moving average and the psychologically important $100 level. The commodity first saw a ramp a couple weeks ago as …
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We want to add a new weekly post to RR – a calendar of some of the key single stock events in the week ahead. This week has a relatively light earnings and macro calendar …
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