Prior 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 …
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Here were are a couple directional options trades that caught my eye in today’s trading: 1) USO – when the etf that tracks the price of oil was $9.64 a trader sold to open 50,000 April 8 …
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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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Here is some generally directional, untied options activity that caught my eye during Wednesday’s trading: 1. USO – the etf that tracks the price of wti crude saw continued put buying on a day that saw a …
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Here is some generally directional, untied options activity that caught my eye during Thursday’s trading: 1. MCD – saw a bullish roll. When the stock was 96 a trader sold to close 43,000 March 97 calls at …
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Exxon (XOM) has had a tough week, down about 4% vs the XLE (of which it is 16% of the etf’s weight) which is down only 1.5%. The under-performance is related to Warren Buffett’s disclosure …
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We have had no shortage of questions recently on how to play the USO for a reversal in crude. I wanted to share a write up that I did for a friend who manages money for …
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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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