$HES Bullish movement on 5-min chartPrice continuation through the Ichimoku Cloud on the 1-hour chart on HES. Tenkan-Sen above the cloud and above the Kijun-Sen. Look for oversold signals on the Stochastic for entr [ /image]ies or support along the CloudLongby TraderR0BERTUpdated 0
HES -- POST EARNINGS HIGH VOL PLAYWith a dwindling earnings calendar and some buying power to put to good use, I'm looking to go where the IVR/IV takes me. With an IVR of 74 and fairly decent IV of 43, HES popped up toward the top of the Dough "Notable Stocks" grid (sorted by IVR). Here's my set up: Dec 24 51/68 Short Strangle POP%: 75% Max Profit: $150/contract BPE: ~$597/contract BE's: 49.50/69.50 Notes: The underlying isn't the most liquid thing, so you may not get a fill at this particular price and might have to monkey around with it a bit. Me, I'm just going to enter the order and if it fills, it fills. If it doesn't, I'll look at it again next week to still if there's still premium in the play. As always, I'll look to take the trade off at 50% max profit so I can redeploy the capital elsewhere.by NaughtyPines220
HES - Depending on CL1!Keep XLE / CL1! on close watch. I am expecting one of this to happen. Broken through all the declining trendlines. by UDAY_C_SanthakumarUpdated 2
$HES Double Bottom in its trading range. Good upside w/ low riskFor the $HES trade I see a double bottom in its trading range. I like to buy at this area for a long ($67.30) to sell into its upper end of the range (60% at $75.XX and the rest at $78-79). When I compared with /CL futures on a daily I see that $HES is currently oversold and the past 2 times in the past 9 months that it was oversold it would come back to the average of /CL. My stop would be around $66.20 range. I picked this stop because it was a support/resistance couple years back on the weekly chart. What are your thoughts?Longby GianB1