SPDR S&P OIL & GAS EXPLOR & PRODUCT AMEX:​XOP

... for a 2.90/contract credit. Metrics: Max Loss/Buying Power Effect: Undefined/8.48/contract Max Profit: 2.90/contract Break Evens: 39.10/44.90 Theta: 4.52 Delta: -10 Notes: Just looking to add some more theta to the pile in August in non-single name, as the September monthly remains too far out in time for my tastes. Because of its duration, will start to ...

Increase in IV here, due to the oil sell off. Sold -1 Aug17 41/46 strangle for $1.38 cr. 2x cr received stop loss here or 50% Win are my targets.

We could be seeing the end of this bull run. Keep a close eye and closer stops on this.

Another covered short "combo" setup (see Post Below) with the delta metrics of a covered put sans the buying power effect of short stock and plenty of time to work out and/or reduce cost basis ... . Metrics: Max Loss/Buying Power Effect: Undefined/~$1234 Max Profit: $514/contract (realized on finish below the short put) Break Evens: 46.14/no downside risk Delta: ...

I really do think we see one more high in XOP, to 46 or so which is a very notable resistance. We should see good downside from there So for now, planning to wait till we tag that level.

Wait for price to get in or near the zone. Sell the Aug 17 50-55 bear call spread. Minimum premium for spread – 0.50.

Sold the XOP 100 17 AUG 42/45 'big lizard' for a credit of 2.90. The strategy is essentially short the 42 straddle with a long 45 strike call to limit the upside risk. The 'proft zone' 39.11-44.90 with almost no risk to the upside. I plan to manage a winner early to collect around $70-75 ( 25% of the initial credit ). Currently there's 46 days to expiry but ...

My guess is we test 46 then bottom 42 then test 50

XOP triangle breakout on the cards, targetting 46-47 region, consistent with weekly resistance areas outlined in idea: XOP Bear coming soon

-72 Week Symmetrical triangle -2 Week congestion at potential breakout zone which would clear previous peak at the beginning of the year -200 Weekly SMA just above @ 40.80 -Bollinger bands squeezing on the daily 30 basis points of risk planned, am a buyer above $40 Idea not my own. Real Vision TV trade idea highlight fitted to my interpretation. 70% off yearly ...

I apparently neglected to post this when I put it on back on March 27th in the kid's small account, and am doing so here primarily to keep track of cost basis. Here's the blow by blow: On March 27th, I opened this trade for a .50/contract credit. On April 7th, I closed out the short put side for a .05/contract, with a resulting cost basis of .45/contract. ...

The large triangle pattern is about to break to the upside. It's not one of our favourite patterns and we prefer to avoid long-exposure in stocks (regardless of sector) at the moment, but for those seeking long opportunities, the energy (-related) sectors are probably best. Also, selectively (!) base metals and pm-miners offer some opportunities, but you really ...

Watch for a break either way.

AMEX:XOP Gap Fill

It's somewhat a lather, rinse, repeat of last week, given the fact that we're kind of in-between earnings seasons, with the next to kick off here in a couple of weeks. XOP:* With the underlying somewhat in the middle of its range, I'm more inclined to go directionally neutral here, either via short strangle or iron fly. The 27 delta-ish May 18th 33/38 short ...

Even though earnings season is winding down to a few names (BB, GME) next week, there's stuff to play in sectors or broad market, with the May expiry (54 days until expiry) coming into view for plays. The XOP May 18th 31/39 short strangle (19 delta) is paying .98 at the mid with the slightly more aggressive 25 delta 32/38 paying 1.38. If you're looking to go ...

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