Discussion in 'ETFs' started by easymon1, Apr 19, 2020.
how would you personally trade XOP?
if i were to trade this it would be through options, i'd look at 40-50 delta calls.
im not in that mode yet, so keepin busy lookin at futures intraday 1,2,5m charts. fwiw,ymmv,etc.
i don't keep up with options so the premium may be too out of whack to make anything on this with them. if you are indeed thinking on this, there are a ton of people this site better qualified than than me to re-pose that question to.
I like the setup for a retest, tho.
@easymon1, interesting 'bullish' trade, which option expiry date?
my trade based on the last 5 days price swings ($38-$43), I'd go with 24 April expiry 38/40 call spread cost $1.50 max. Should be above $40 on expiry, if so a nice 33%
Look at You!
the guy above likes to take phone calls or even email requests for feedback or questions and might be a good place to pick up extra trading ideas.
24 April sure seems soon, all the sudden, lol.
second thoughts on XOP, based on historical long term this is going nowhere but down.
seeing the reverse split March 30, long term its a dog, maybe short term in/out opportunity with options.
the April 24 38/40 call debit spread might work. Worse case one contract $1.50 x 100 = $150 loss
ob calls it a setup to buy to retest of 4/9 hvh @ 45.54
poss abc up
exxon, chevron called lookin' good off lows
ob states his upside bias for these fwiw.
imagine the politics ongoing behind this oil business right now.
is the bloom off this rose for now? or just a breather...
some knife catch routine in cvx daily back on 3/20
i better get back to work...
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