Buy cheap. Sell expensive. Buy fear. Sell/short greed. I don't have an established trend here but I like energy long term. Now let's hope that ETF's don't collapse.
Needs to bounce here soon otherwise may go straight to 17-18 area
Here is a second take, for those still looking for a crash.
With US and Saudi Arabian cooperation, likely Crude oil will be taken to approx. USD$10.50/brl. The Saudi's can produced for US$7-8/brl. Higher political agenda, means it will be pedal to the metal for Saudi Arabia (13 million brl output maximum from April), to eliminate Iran once and for all.
Looks like I didn't have US futures on my WTI post. I think this is the right one, at least it's updating the price. I usually don;t use this site for oil futures, so excuse my goof up. In any case, it's bouncing back up..... but still down big. The question is when do we buy? Will it hit $26 support from 2016?
2014-15 vs today Seeing the first impact from virus and oil shocks now If it plays like 2014 we can see a bounce in risk assets soon BUT the worst will come later in a few months
EARNINGS: ADBE (89/65) and ORCL (77/60) both announce earnings on Thursday after market close and have the metrics I look for in earnings-related volatility contraction plays (>70% rank; >50% 30-day implied). Pictured here: a short strangle paying 11.65 at the mid price camped out around the 16 delta. Its defined risk counterpart: the 265/275/395/405 ten-wide...
I like Chesapeake energy for the longer term investment. Energy has been lagging compared to other sectors over the last few years and there is tremendous potential in good energy companies. CHK is historically cheap and could do very well if energy takes off. However, I suspect more pain ahead for oil with the potential for an enormous flush.. perhaps below...
Buy with all hands. ER coming and huge debt restructure happened today. Good volume. This is $30 stock but being resonable and targeting 11-12 near term
make me rich pls...
Strong support at 85c. Any price here would be good for long term
"Oil prices plunged to one-year lows, with WTI back below $50 for the first time since Jan 2019 as global demand concerns trumped OPEC+ jawboning that they could do something to stall the decline." Due to weak oil demand from china with the aftereffect of the corona virus. We could see oil go down further as this is just the beginning of the outbreak. Opec said...
EARNINGS: The earnings that are best metrically for earnings-related volatility contraction plays are DISH (87/59), TECK (87/52), and DBX (82/57). Unfortunately, strike availability in DISH is limited to two-and-a-half wides, making it an unattractive play given its stock price (39.97 as of Friday close). Pictured here is a DBX (82/57) skinny short strangle in...
More granular price action in videos tagged below!
United States Oil ( USO ) falls on spread of Wuhan virus, U.S. oil-stocks build. Currently $10.50 per stock or $50/bbl seems like local support while bearish downtrend still is in action. Looking forward for major bearish continuation, until nearest (Mar '20) Triple Witch.
My opinion on Oil has stayed the same: I am bearish because there is a supply glut and also the world is slowing down. However, there are many reasons for oil to be propped up, due to the fact that US banks were forced to lend to oil/shale companies when oil dropped last time in order to prevent lay offs. Oil being propped for not just oil companies but also for...
EARNINGS: ROKU (64/83) announces earnings on the 13th (Thursday) after market close and looks to be the best play out of earnings announcements occurring next week from a volatility contraction standpoint. Pictured here is a fairly straightforward short strangle camped out around the 17 delta in the March cycle, paying 5.62 on buying power effect of around 12.50...