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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Energy 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 …
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Here is a quick recap of all of the trades that we initiated, closed, managed or expired in the week that was Dec 30th – Jan 3rd:
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Transocean (RIG) stock was slammed by BP’s Gulf of Mexico oil spill in 2010, and the stock has never really recovered. I delved into the financial and business details in my Deep Dive post a …
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USO is up almost 2% today, as commodities outperform while stocks underperform, a clear positioning unwind to start the month of June. I wrote about my thoughts on USO in Friday’s Name That Trade post …
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I mentioned the developing wedge in both the SPX and crude oil in this morning’s macro wrap. Crude oil is especially interesting because the WTI contract has developed a long-term wedge, but the European Brent …
Continue readingCrude Oil has had quite the steady bleed today. Today is the 3rd decline of 2% or more since QE3 was announced, and it’s added up to a steep selloff for oil in the past …
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With the VIX around 15 and drifting lower on alot of recent days as the market makes new highs it seems a good time to discuss option premium and low vol environments. The first thing …
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