A few weeks ago, when Crude Oil was in the low $40s we made the case that large cap oil stocks were showing great strength relative to the commodity, and the XLE, the Energy Select …
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Our worst trade of 2014 was trying to pick a bottom late last summer in the USO (the U.S. oil fund etf) when Crude Oil had just broken $100 on the downside (here, but only …
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Back in November 2014, when crude oil was down about 50% from its prior 52 week high, the number two oilfield services company Halliburton (HAL) agreed to acquire number three in the space, Baker Hughes (BHI) …
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In July we entered a bearish defined risk trade in SLB with the thought that it was likely to test its recent lows with little chance for a reversal in crude oil on the horizon …
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Here is a quick recap of trades that we initiated, closed, or debated in the week that was July 20th – July 24th:
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Last week, into Schlumberger’s earnings (SLB), we placed a calendar put spread that looked to fade the earnings move but set up for further weakness afterwards if crude oil continued its decline. Here was the …
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Yesterday, we placed a calendar trade in SLB into its earnings release after the close. The idea behind the trade was to fade the implied move of the event itself in order to finance puts …
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Event: Schlumberger (SLB) reports Q2 results tonight after the close. It’s the largest oil service company, and the first large cap in the sector to report. The options market is implying a 3% one day …
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Shares of oil driller Schlumberger (SLB) are down about 25% from the 52 week and all time highs made in July 2014. The stock has bounced off of $80 for the third time since December, and …
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With the fall in the energy sector since July, the oil services stocks have been some of the hardest hit. OIH, the oil services ETF, is down 25% from its July high, trading near a …
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