... for a .36 credit. Notes: A delta hedge against my XOP position in the first expiry that pays greater than 10% of the value of the stock. Delta/theta -4.94/3.22, with 3.19 extrinsic and setup value of 10.19 versus 8.64 scratch.
Harmonics.. The endless loopholes in our universe.
$XLE perfect backtest of breakout from symmetrical triangle. I love trading this type of backtest because RR is favorable and downside risk well defined $WTI $XOP $CL $USO #oil
The $61 level has been really important for #oil this year. Price is retesting now, along with falling resistance from the Apr and Sept peaks, and resistance from the rising channel begun in late Sept. $USO $WTI $CL $XOP $XLE
$XOP #Oil & #Gas Explorers turning up here with RSI breaking out on the daily. A close above $24 would likely take this ETF to $33+ quickly. Watching closely. $WTI $CL
... for a .58/contract credit. Notes: One of my troubled setups that I seem to have been working forever (See Post Below) and probably could've gotten out of sooner if I'd been a touch more aggressive on the call side as the underlying descended to long-term lows. Rather than inverting the short strangle further, I'm leaving the setup in place and adding a delta...
It's a short market week here, but this is what we've got ... . EARNINGS: HPE (43/33): Announces Monday after market close. ANF (85/80): Announces Tuesday before market open. BBY (70/42): Announces Tuesday before market open. HPQ (50/36): Announces Tuesday after market close DE (34/29): Announces Wednesday before market open. Of these, ANF and BBY appear most...
XOP - SPDR S&P Oil & Gas Exploration & Production ETF The ETFs seems poised to be affected by the recent news regarding the Oil output, that it's increasing due to the latest report from Iran that discovered a new oil field with over 50 billion barrels, plus the announcement from OPEC + that isn't going to cut its Oil output for now. Working in favor of the asset...
HIGH RANK/IMPLIED EARNINGS: UBER (--/74):* Monday, After Market Close. BIDU (59/42): Wednesday, After Market Close. ROKU (72/85): Wednesday, After Market Close. The Plain Jane ROKU December 20th 120/190 short strangle camped out at the 20 delta pays 8.55, but there is some call side skew there that you may want to accommodate in some fashion, for example, via...