We can see slight higher highs from here, however, I expect to see a reversal somewhere between the current price and $61.60
EARNINGS: RIG (30/54) announces on Monday after market close; CRON (18/98), Tuesday before market open; and CZR (45/58) and IQ (22/64) on Thursday after market close. RIG Setups: Given its size (8.93/share as of Friday close), only a short straddle makes sense for a nondirectional play. Unfortunately, the March 9 only pays .96, making a 25% max take profit a...
(Pulling hair out). Ugh. A tough market temporarily for premium sellers. With VIX caving in dramatically off of its late December greater-than-35 highs, premium selling is the old gray mare that (temporarily) just ain't what it used to be. That being said, there are a couple of potential earnings plays to be had next week: IBM (68/31; Tuesday after market...
After a short break for shortened trading weeks for the Christmas and New Year's holidays (how bout them holiday markets, huh?), I'm back to my regular routine. Here's what's on tap for the coming week ... . Earnings: I'm not seeing much on the earnings front for volatility contraction plays or premium plays in high implied volatility around earnings that are...
With but a few trading days left in 2018, it's time to consider taking tax losses in non-tax deferred accounts Personally, I flattened out of virtually everything on Friday, taking my lumps here particularly in my SPY, QQQ static, defined risk core positions in this fairly atypical year-end sell-off so that I can start off 2019 fairly clean, with smaller 2018...
ESV extending its decline beyond the Brent move, opening a divergence. Gap should fill. It's also close to previous major bottoms. Sentiment on extreme low. Demark indicators pointing for reversal. Target 6.12 Stop 4
Personally, I'm not doing a ton here beyond looking at cleaning up remaining December cycle setups and evaluating whether there are poo piles that should be looked at for the taking of tax loss in the margin account before year's end. Nevertheless, here's an outline of what's potentially playable in the coming week ... . ADBE (81/49) announces earnings on...
Earnings With >70 Rank/>50 Implied: No underlyings with highly liquid options with earnings announcements in the next week. With single names with earnings announcements in the rear view mirror, we're looking at earnings starting up again in the January cycle; I'd rather just play those closer to the announcement, rather than get caught up in a volatility...
... for a 2.62/contract credit. Metrics: Max Profit on Setup: $138/contract Max Loss on Setup: $262/contract Debit Paid to Spread Width Ratio: 65.5% Break Even: 18.62 vs. 18.60 spot Notes: Taking a bullish assumption directional shot in OIH with plenty of time to work out/reduce cost basis ... . Will look at taking profit at 50% max.
I think $HAL is poised to rise up to 50% from here, it tested a monthly support and held up, and is now shooting up with oil coming out of a correction. I'm entering positions at market open, and looking to add over time as the trend develops, if it does bottom here as I see it now. Best of luck, Ivan Labrie.
OIH/WTI Spread Should Close - Long OIH / Short CL (USOIL). Red Circles Spread.
SLB and HAL 2 examples of top holdings. It's time for the down trend pressure to end for now. This is a slow moving sector and most all stocks in this space gaped lower after last earnings. Time to create a shopping list if dip buyers show up.
- They are "Twins" in long term. - In short term, since last high on MAY 17, 2018, OIH is weaker than XLE. - Lower lows and lower highs for OIH - OIH is on the supportive price formed by last two reversing points - XLE does not hit the lower, instead it has a higher low which looks like it has reversed the downtrend If XLE is the right, it means OIH has found or...
I just don't understand why this part of the Oil sector continues to under perform. I am asking for input explaining why the strength in XLE isn't getting translated over to the $OIH sector.
... for a 2.36/contract credit. Metrics: Probability of Profit: 55% Max Profit: $236/contact Max Loss/Buying Power Effect On Margin: Undefined/$525/contract Break Evens: 23.64/28.36 Delta: -9.37 Theta: 2.1 Notes: Did this from my phone on Friday ... . Although I like to see >35% background implied volatility when pulling the trigger on these, at 30.3%, this...
Hello, Check this out. If you are in DNR you might want to jump out, as resistance is holding the stock back. There will be a time to get back in, so stay tuned!