SPDR SERIES TRUST SPDR S&P OIL & GAS EXPL & PRODTN ETF

AMEX

XOP

This is a continuation of a directionally neutral premium selling play (See Post Below) which I've rolled out to June and transformed into a bullish assumption premium selling play. Here, I'm looking to work it as a quasi-synthetic covered call, with the in the money short put standing in for my stock, and the short call acting as cover. Naturally, it isn't...

Strong trend, might retest the previous high seller volume is disappearing.

Gap up.

For Swing trading

If this week ends in this manner, Bearish cypher

XOP

XOP broke through resistance with strong volume. This has room to keep going

Despite the terrible fundamentals, I see good money pump to oil exploration market for a while. 1st target is 37.0(Fib 23.6%) 2nd target is 46.3 (Fib 38.2%) Stop loss@ 31.0 to profit from breakout. If 31.0 fails, next support is 28.0

XOP

Think we head up to the 35 region in XOP

XOP has been bullish and grinding higher. Playing consolidation at lower prices via options and DRIP etf.

... for a 1.03 credit/contract. Metrics: Max Profit: $103 Max Loss/Buying Power Effect: Undefined/~3.85 Break Evens: 26.97/34.03 Delta: -6.81 Theta: 1.9 Notes: Going directionally neutral short strangle here with 30-day implied more than twice that of the broad market and giving myself a little room to manage intratrade. Will look to take profit at 50% max (.51).

Very bullish formation -- expect it to reach the box

XOP TRND UP

The daily chart looks like a possible head and shoulders bottom getting ready to run higher to $33 or $38 if news continues to be bullish with large oil inventory drawdowns and SA need oil prices to be higher.

This is a short straddle that started as a double diagonal. (See Post Below). I've been rolling the short straddle body out to generally at-the-money to take profit and to bring in additional credits. Although implied volatility (31%) is at the low end of its 52-week range, it is more than twice that of the broad market; SPY is at 14%. So far, I've collected...

Buy pullbacks

... for a 1.92 per contract credit. Metrics: Max Loss on Setup: $308 Max Profit on Setup: $192 Delta: .98 Theta: 2.50 Notes: Another double diagonal, this time in the routinely high implied volatility XOP (currently 35.5%), a la the EEM double diagonal I put on earlier in the trading session. (See Post Below). I've gone shorter duration in the back month...