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XOP trade ideas

XOP | SPDR Oil & Gas Exploration ETFHIGH RISK BUY IDEA therefore small-than-average position sizes may apply. The ETF has been sold off aggressively and is currently in an oversold range as well as approaching the prior swing lows. This may be a RANGE to starting building a buy/long position with the expectation that a base can be developed over the near term followed by a potential bullish reversal from the neutral or oversold conditions. Traders can consider starting an accumulation phase at current levels or lower (possibly with a 1/4 of the position and add if/when it trades lower). As always, traders could consider the following if/when the prices approaches the target: bank/take profit, partially scale out, adjust the stop-loss to protect profits. Time stop: 06 October 2025 Trading Levels Suggested Entry: $119.73 or better/lower Target: $142.00 Stop-loss: $102.00
AMEX:XOPLong
by techpers
XOP LongUnder the Trump administration, the XOP ETF, which includes companies in oil and gas exploration, did well thanks to policies that boosted U.S. energy production. These included things like cutting regulations, lowering taxes, and encouraging more domestic drilling and exports. These moves helped companies cut costs and invest more in exploration and production. As a result, the sector saw growth. Looking at the technical side, with the ETF now targeting a breakout at the 50% Fibonacci retracement level from March, it's possible that XOP could hit **$182**, a key resistance point, if the positive momentum continues.
AMEX:XOPLong
by SPYDERMARKET
3
Deciphering The Mysteries Within A TrendIn this video, I breakdown trend dynamics to help you understanding what is actually happening in a trend. I cover the following: What is climatic activity? What climatic activity means for a trend. How to spot climatic activity with price action. How to spot climatic activity with an indicator How to measure trend strength with price action How to measure trend strength with an indicator When trading pullbacks, it is imperative to understand strength of trends. You do not want to enter a pullback at the end of a trend.
AMEX:XOP
by JoeRodTrades
2
XOP where is it headed?I'xe held XOP several years. It's a mid-sized oil and gas company, The daily chart looks as if it's at a critical point judging from the DMI/ADX calculation line. We'll see if XOP can stay above 132 today. The world crises becomes more critical each day if anyone looks under the MSM coverage. I set the VWAP price projections that all point higher and the volume is increasing now, too. This morning I listened to the Mav of Wall Street mention that 25-50 bp interest rate deduction could create a short cover rally in oil stocks. It looks to be probable in the day chart here. Anyone can see that from my chart that I'm not a profressionl trader; I simply enjoy challenging my mind and staying involved in geopolitics, etc. The financial market is inclusive of much that interests me in this crazy world. Good luck to all. I use the indicators used in this chart to guide my decisions using the daily, weekly, and monthly charts whenever all three are pointing bullish. I wonder where oil and gas are headed long term since ENERGY has become a political football IMO.
AMEX:XOP
by bellakrinkle
XOP - Breaking Out 🚀SPDR ETFs are a great way to have exposure to a market without committing to one particular stock. And here this chart shows the overall market is breaking to the upside in the last few hours. Notice first the bullish divergence is followed by a shallow descending channel which also appears to be a re-accumulation. Then a gap up which looks like it will prove to be a "breakaway gap". And now price is becoming impulsive. So this looks a great moment to buy this SPDR and have exposure to mostly oil and gas, with a few energy stocks included also. It could pull back a little but this is with higher time frame perspective and crude oil beginning to look bullish. And perhaps this is a clue that Natural Gas is nearing a low also. Not advice.
AMEX:XOPLong
by dRends35
XOP Bull Put spread testing -1 sigSymbol XOP Open Date 11/8/2023 Put or Call Put Expiry Date 12/22/2023 Short Strike 131 Long Strike 130 Price to Open 0.25 Min Width Multiple 2 Risk Ratio 3.00 Return on Risk 33.3% Opening DTE 44 1 Day ROI% 0.76% Max Annual ROI % 276.5% XOP testing the 4h/Daily Bull range. Held Oct 5 and buyer resumed. Test again could fail, but could also attract enough activity for the algo to price higher. IMO especially since there are gaps above in the 141-143 range. Could need to seek liquidity on those missed orders. Chose the 131 strike because it's at the -2 sig Bullish level. I prefer to be behind it maybe 130 or 129, but just couldn't get the sale on the credit. Did this yesterday morning, and maybe should've waited until the afternoon for 0.03 more, but that's hindsight. Expiration on the 3 I sold yesterday is gonna be weird as the year closes. Hopefully no drama that creates a rolling adventure.
AMEX:XOPLong
by claypuzzle
1
RSI AND VOLUME FLOW POINT TO DIRECTION SHIFT IN XOPXOP Using $XOP as representative of the Oil and Gas Exploration Industry. Pearson's R^2 = 0.95 indicating strong tendency for signal to centralize around its multi-year linear mean (LM, 150.22). Signal currently resides just above the lower third standard deviation (-3) off the linear mean(LM). Statistically speaking it would be tough to hold this position for very long and I would expect for signal to either breakdown below the (-3) or mean revert upward toward the LM in the next couple weeks. In this case a mean reversion up to the LM at 150.22 would be necessary for the current multi-year trend to be maintained at its current trajectory. Trend breaks down with signal below the -3 (119.06). Price declining into stronger relative strength and positive volume flow (VFI) can be a sign of the market 'absorbing' price at these levels. This can be indicative of 'seller exhaustion' and often precedes an 'increased potential' for a directional change in price trend. (NOT FINANCIAL ADVICE)
AMEX:XOPLong
by Firewalker_Charts
XOP for Oil breakout after use of SPR suspendedThe context for this entry is based on the suspended use of our Strategic Petroleum Reserve by the US Government. In April of 2022, our leadership chose to tap the SPR in an attempt to hold off inflation at the pump. While this worked for much of 2022, and early 2023, the SPR can no longer be used or it may compromise our national security (e.g. cut off from external supplies of oil to create fuels in the development of electric and sustainable energy sources). Since the price of OIL should started to breakout to the upside, we do need to watch inflationary control measures. If they start to dampen inflation, then OIL could remain at the current level for some time. Conversely, if as the Federal Reserve Expects, when inflation only tempers but does not drop into Q3CY23, we should see an increase in the value of OIL. That's the subjective analysis. The objective analysis based on a decreasing wedge formation on XOP starting April of 2022. XOP continues to bump against a lower low of $110, and most support comes at around $116. Currently it's at $121/123. The idea is enter put credit spreads 116/117, unless XOP hits $117, then strongly consider 90 day+ call swings. If XOP is at $117, then buy $117 calls for September or October, something 90 days out. The idea between these is that the put spreads limit losses if we retrace to 116, while the call swing is purchased at confirmation of the lower low. Do watch for a breakdown to $110 daily candle wick as seen in other prior days.
AMEX:XOPLong
by jkonkle
1
Opening (IRA): XOP September 15th 110 Short Put... for a 1.11 credit. Comments: Selling premium in one of the exchange-traded funds at the top of my IV screener with a 30-day at 32.2% -- more than twice that of the broad market. (The others are GDXJ, at 35.2%; GDX, 31.2%; and EWZ and FXI, both at 29.1%). As with my broad market plays, targeting the <16 delta strike in the shortest duration paying around 1% of the strike price in credit. On a side note: My goals as primarily a premium seller are really simple: put on a given amount of theta/risk premium on a weekly basis, with my preference being for selling premium in (a) broad market exchange-traded funds; (b) sector exchange-traded funds; and (c) single name, in that order. Broad market is kind of sucking a bit here with SPY at 13.6% 30-day IV, QQQ at 20.0%, and IWM at 19.9%, so just looking for a little bit of extra "sumthin' sumthin'" to keep that theta pile on and burning.
AMEX:XOPLong
by NaughtyPines