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SPDR S&P Oil & Gas Explor & ProductSPDR S&P Oil & Gas Explor & ProductSPDR S&P Oil & Gas Explor & Product

SPDR S&P Oil & Gas Explor & Product

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XOP trade ideas

XOP SHORT STRANGLE IDEAWith an implied volatility rank of 76 and an implied volatility of 56, an XOP short strangle is a good premium selling play here, with the standard 45 day setup yielding about 1.00 in credit for only $275 or so worth of buying power. Here's the setup: Feb 19th 23/32 short strangle Probability of Profit: 71% Max Profit: $97 Buying Power Effect: ~$275 Break Evens: 22.03/32.97 Naturally, things may change come Monday open, so be prepared to tweak your strikes and/or fill price ... .
AMEX:XOP
by NaughtyPines
CNQ Bear Call Spread and XOP Bull Put SpreadI am not sure if this is the right forum for this but anyway... Pairs trading is a statistical arbitrage strategy designed to exploit short-term deviations from a long-run equilibrium pricing relationship between two stocks. This is a well known strategy used by hedge funds and institutional investors. I have previously used pairs trading by trading two correlated stocks. Normally a trader would go long on an underperforming stock and, at the same time, go short on an outperforming stock. If properly constructed this approach eliminates net equity market exposure and the performance is then only depends on the relative performance of the two stocks. As you can see from the above chart CNQ and XOP are correlated and move in a very similar fashion. It is not surprising as they both have very similar drivers - the price of oil and gas. CNQ has recently been outperforming XOP so to construct a pair trade a trader would short CNQ and go long XOP. For this trade I utilised stock options by selling two January 2016 credit spreads at the same time - CNQ $22/$23 Bear Call Spread for $0.26 and XOP $27/$28 Bull Put Spread for $0.32. The total credit received from these two spreads - $0.58. The maximum risk for the trade is $1.42 per spread and the maximum return is $0.58 per spread (excl. commissions). If the spread between these tow stocks returns to mean, I should be able to profit from the trade. Let's see how this trade performs over the next 4 weeks when the Jan options expire.
AMEX:XOPShort
by Options.Alpha
2
SPDR S&P OIL & GAS EXPLORATION.... The birth of a breakout!Hello all, After a long downtrend you can observe 2 major clues of an impending upward breakout. First the 3 contracting downswings and second the 4 rising bottoms that together have formed a nice Inverted Expanding Pivot ( Or classic Pennant ). The other interesting clues is beginning with the low with have a classic Andrews 5 Pivot count and all the low pivots have failed to reach their respective median lines which are all sign's that the Bulls are building up their positions. I will be stalking this one closely as these moves can be BIG..... Traps are Set!! PS: Also the last few bars have formed a nice little channel which Andrews used to project the future target by counting the number of touches of the swings.....Conservative 43 and possibly much higher. Thanks
AMEX:XOPLong
by Timing_is_key
1
Swing trade based on Moving Average2 days ago, when price was rejected by downslope of 20 EMA, my short position at 74.5 was triggered. Stop loss at 75.4 where there was a minor resistance. Seems like a variant evening started at 200EMA level but price closed below 200EMA with increasing volume. Profit target will be 70 which coincide again with the S/R zone between Mar-Apr This SPDR S&P Oil & Gas ETF is reflected in the movement of stocks like XOM, CVX, etc And it is a BIG head & shoulder pattern from april until yesterday!
AMEX:XOPShort
by jangseohee