OXY - more downside below $50OXY - Stock in long term downtrend and at critical support at $50. If fails looking for puts for a move towards $45 and lower. Stock is weak on indicator.
buy 153 oxy and sell 100 xle or 1530 long oxy 1000 short xlei expect oxy to outperform xle
i made my own ratio based on my own proprietary means of making a ratio that i thought worked.
you pay 215 a year in dividends on 100 xle minues the oxy gains of 85
you pay 2100 a year in xle dividends on 1000 xle minus the oxy dividend gain of 850 per year
this tr
OXY bull put spread AGAINOXY is at the 100 sma on M if you turn on the dividends. IT is RIGHT on top of the 200 sma on the weekly non adjusted dividends. $48 is a NEW low and getting 12% return on risk on a down day is nice...
I will allow this stock to go below $47 before I panic. I would expect a retest anyway, so I'll h
Oxy correction and continuation Oxy looks like it wants to bounce off this 20 EMA on the daily chart. The stochastic still has room to run here on the weekly chart but could easily base here to reset the daily. Volume remains generally up, and war fears and market euphoria continue. I believe we will see the second leg to my next
Oxy did pivotThankfully I do not wait until everything comes perfectly into play. I did not see much else appealing stock wise for undervalued sectors so I started to buy into my OXY plan ahead of the hopeful touch of the fib. This has played out nicely, I did end up going with December 55/60 strike spreads and
OXY SurgingAfter holding a double bottom on the daily, OXY created a new Higher Low and it is moving nively.
Using that level as a SL is what I am looking for.
Bull put spread on OXYI think OIL can press higher with the 'port strike'. I also think OVERALL markets need a small pull back and that should press oil higher. AND, this stock has TONS of really nice support here....
It's not over for OXY BABY!!!Market makers are trying to scare you.
Yes, we could hit 46 dollars before moving
back up to the upside. There has been
quite a bit of behind the scenes bullish
maneuvering if you really dig deep into
the layers on OXY Don't doubt me on this one...
this baby is set to fly soon. There is ONE guy
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