Personally I think an Up then Down then Up trading pattern is likely. Down leading into the Fed announcement. Collect big put premiums then flip it after the news.
Stock Markets
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Last: 5 hrs ago by Heineken-Ashi
AMZN is bouncing off its uptrend line. Keeping things slightly afloat. AAPL below 134 and MSFT below 249 has me bias down here in a bit.
Clown administration. Cut off one of the horse's leg and then gets mad at it for not running fast.ProgN said:BREAKING: President Biden is sending letters to the CEOs of major energy companies in order to address rising oil prices. @SullyCNBC reports: pic.twitter.com/QIwmYNwL3o
— Squawk Box (@SquawkCNBC) June 15, 2022
I wouldn't be surprised if the left doesn't start advocate for nationalizing O&G companies. That would not be good for the stock market.
Anyone know when the fed announcement is today?
1:00pm centraltexagbeliever said:
Anyone know when the fed announcement is today?
Powell speaks at 1:30pm
Thanks
AMZN had a fake breakout up. Now is below its uptrend line. (looking at 3 mins).texagbeliever said:
AMZN is bouncing off its uptrend line. Keeping things slightly afloat. AAPL below 134 and MSFT below 249 has me bias down here in a bit.
I know its FED day but SPY is approaching the 30min ORL
Gap fill before the FED release would be interesting way to clean it up and be ready for a rip
Gap fill before the FED release would be interesting way to clean it up and be ready for a rip
Farmer @ Johnsongrass, TX
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Add-on's
- U.S. Senate Finance Committee chair Ron Wyden is planning to introduce legislation setting a 21% surtax on oil company profits considered excessive, an aide for the senator told Reuters.
- When are the credit agencies going to upgrade XOM back to where they were pre-COVID? Their balance sheet is cleaner than it was pre-COVID. The outlook is better and they are literally buying back 1/12th of the company in the next year. This will boost the price per share range for XOM, up a little, as their debt service costs will decrease and thus increase their earnings.
- Per the API numbers demand destruction is going down. To be clear - demand destruction is not showing itself. However, FJB is doing a terrific job draining the SPR for Europe. Oh yes, $150 170 crude....we are coming for you! $10 gallon gas at the pump, LFG!
"The U.S. Department of Energy on Tuesday said it was selling up to 45 million barrels of crude oil from the Strategic Petroleum Reserve as part of a previous announcement by the administration.
Deliveries from the sale would take place from Aug. 16 through Sept. 30, the Energy Department said in a statement.
Oil contracts from a previous sale announced on May 24 were awarded to nine companies including Chevron(CVX), Exxonmobil(XOM) and Marathon Petroleum(MPC)."
- FJB sends a letter to all of the big oil company CEO's to increase oil production, yet has to do an in-person with Saudi's. FJB begging oil companies to produce more fossil fuels to destroy the planet, after telling banks, pension plans not to invest in fossil fuel companies and refusing to approve new pipelines and grant new permits for drilling. Big Oil tells FBJ they want to build a new refineries but Fed Gov't restrictions will not allow for such. You can't make this stuff up.
- I added more XOM yesterday. I am adding more today.
- I think a special dividend would be great! I think being invited back to the Dow30 would be greater!
- U.S. Senate Finance Committee chair Ron Wyden is planning to introduce legislation setting a 21% surtax on oil company profits considered excessive, an aide for the senator told Reuters.
- When are the credit agencies going to upgrade XOM back to where they were pre-COVID? Their balance sheet is cleaner than it was pre-COVID. The outlook is better and they are literally buying back 1/12th of the company in the next year. This will boost the price per share range for XOM, up a little, as their debt service costs will decrease and thus increase their earnings.
- Per the API numbers demand destruction is going down. To be clear - demand destruction is not showing itself. However, FJB is doing a terrific job draining the SPR for Europe. Oh yes, $
"The U.S. Department of Energy on Tuesday said it was selling up to 45 million barrels of crude oil from the Strategic Petroleum Reserve as part of a previous announcement by the administration.
Deliveries from the sale would take place from Aug. 16 through Sept. 30, the Energy Department said in a statement.
Oil contracts from a previous sale announced on May 24 were awarded to nine companies including Chevron(CVX), Exxonmobil(XOM) and Marathon Petroleum(MPC)."
- FJB sends a letter to all of the big oil company CEO's to increase oil production, yet has to do an in-person with Saudi's. FJB begging oil companies to produce more fossil fuels to destroy the planet, after telling banks, pension plans not to invest in fossil fuel companies and refusing to approve new pipelines and grant new permits for drilling. Big Oil tells FBJ they want to build a new refineries but Fed Gov't restrictions will not allow for such. You can't make this stuff up.
- I added more XOM yesterday. I am adding more today.
- I think a special dividend would be great! I think being invited back to the Dow30 would be greater!
June 24th 285C QQQ, big buyer
edited: June 24th, not July
edited: June 24th, not July
Zero trades taken today. Premiums / IV is so high that options will not move much despite big moves in the underlying.
You don’t trade for money, you trade for freedom.
cptthunder said:
I know its FED day but SPY is approaching the 30min ORL
Gap fill before the FED release would be interesting way to clean it up and be ready for a rip
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Farmer @ Johnsongrass, TX said:
Add-on's
- U.S. Senate Finance Committee chair Ron Wyden is planning to introduce legislation setting a 21% surtax on oil company profits considered excessive, an aide for the senator told Reuters.
- When are the credit agencies going to upgrade XOM back to where they were pre-COVID? Their balance sheet is cleaner than it was pre-COVID. The outlook is better and they are literally buying back 1/12th of the company in the next year. This will boost the price per share range for XOM, up a little, as their debt service costs will decrease and thus increase their earnings.
- Per the API numbers demand destruction is going down. To be clear - demand destruction is not showing itself. However, FJB is doing a terrific job draining the SPR for Europe. Oh yes, $150170 crude....we are coming for you! $10 gallon gas at the pump, LFG!
"The U.S. Department of Energy on Tuesday said it was selling up to 45 million barrels of crude oil from the Strategic Petroleum Reserve as part of a previous announcement by the administration.
Deliveries from the sale would take place from Aug. 16 through Sept. 30, the Energy Department said in a statement.
Oil contracts from a previous sale announced on May 24 were awarded to nine companies including Chevron(CVX), Exxonmobil(XOM) and Marathon Petroleum(MPC)."
- FJB sends a letter to all of the big oil company CEO's to increase oil production, yet has to do an in-person with Saudi's. FJB begging oil companies to produce more fossil fuels to destroy the planet, after telling banks, pension plans not to invest in fossil fuel companies and refusing to approve new pipelines and grant new permits for drilling. Big Oil tells FBJ they want to build a new refineries but Fed Gov't restrictions will not allow for such. You can't make this stuff up.
- I added more XOM yesterday. I am adding more today.
- I think a special dividend would be great! I think being invited back to the Dow30 would be greater!
Drill Baby Drill
Farmer @ Johnsongrass, TX
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I'd prefer Exxon cut production 50%! Why bail out a President that is trying to drive your industry out of business? Don't take a sinner to lunch, you take a sinner to church.
This is so un-****ing-believably dangerous I can't even wrap my mind around it. What an irresponsible clown show in DC.Farmer @ Johnsongrass, TX said:
- U.S. Senate Finance Committee chair Ron Wyden is planning to introduce legislation setting a 21% surtax on oil company profits considered excessive, an aide for the senator told Reuters.
Its not irresponsible. Its coordinated. They know exactly what they are doing and the goal is to forcibly make fossil fuels unobtainable for the American public. Mid terms cant come soon enough.
I think in the end this will lower tax revenues from O&G. Those companies would be smart to raise expenses to cut profits just below what is considered excessive. Could be in the form of payroll, supplies, etc.
Agree, but this could actually be a positive for service companies depending on how the tax is structured.Buck Compton said:This is so un-****ing-believably dangerous I can't even wrap my mind around it. What an irresponsible clown show in DC.Farmer @ Johnsongrass, TX said:
- U.S. Senate Finance Committee chair Ron Wyden is planning to introduce legislation setting a 21% surtax on oil company profits considered excessive, an aide for the senator told Reuters.
E&P's could hypothetically (maybe) invest profits into new exploration and development to escape the tax now, and then reap the benefits of the profits in a few years when the new wells come online after the taxes have been repealed (assuming a red/blue flip coming).
I'm thinking major offshore / deepwater development that takes years and tons of capital that most E&P's are avoiding right now.
Gotta love politics - they're just telling blue people what they want to hear really. Who knows if they're serious. Same narrative across the pond more or less.
Oh I agree. But to me, the irresponsible part is the precedent it would set if successful.
I'm starting to really like the $NIO price action longer term. Way off its lows, one of the first old growth names showing real relative strength. Lots of supply in mid 20s so consolidation in high teens - mid 20s range is likely. But when this macro carnage is over, and it clears the mid 20s, watch out. I could see it at 150-200 in the next 5 years if they execute (and China stocks don't get delisted and China doesn't invade Taiwan).. yea yea yea lots of ifs!
I am rolling the dice (100% gambling) on my AMZN and AAPL calls for June. After this afternoon it's a very nice gain or literally nada….
TSLA 700C's getting hit
big-ish TTD flow, next week, 47C's
What are your targets?
This is the dip I was waiting for. Going in hard on UPRO.
Yep, ding ding. all in the name of EV, and guess who owns almost all of the EV battery making minerals? China.krosch11 said:
Its not irresponsible. Its coordinated. They know exactly what they are doing and the goal is to forcibly make fossil fuels unobtainable for the American public. Mid terms cant come soon enough.
AgsMyDude said:
What are your targets?
AMZN-115
AAPL-140
I'd like to do a straddle pre-Jerome.
Want this to be a tiny option because I want to play small. So no QQQ/SPY.
What stock tracks the big indexes would yal recommend?
Considering F. Also potentially playing the leveraged ETFs but they're a tad more expensive than I want to play as well.
Want this to be a tiny option because I want to play small. So no QQQ/SPY.
What stock tracks the big indexes would yal recommend?
Considering F. Also potentially playing the leveraged ETFs but they're a tad more expensive than I want to play as well.
Farmer @ Johnsongrass, TX
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Biden tried to sink O&G with his Green Plan. Failed.
And, he's trying to do it again with public sentiment. Failing. If he was successful, there would be a sell off.
O&G didn't buckle under pressure last week and it's not happening now. Rippy rippy when the dust settles after today.
$170 crude and $10 gallon, here we come! Failed policies aren't CVX or XOM's fault.
Hey nutjobs in this Administration, go look at Apple or Microsoft..
And, he's trying to do it again with public sentiment. Failing. If he was successful, there would be a sell off.
O&G didn't buckle under pressure last week and it's not happening now. Rippy rippy when the dust settles after today.
$170 crude and $10 gallon, here we come! Failed policies aren't CVX or XOM's fault.
Hey nutjobs in this Administration, go look at Apple or Microsoft..
Here we go...
Brian Earl Spilner said:
Here we go...
I love announcements. Come back from a walk. Sit down. Buy 5 TSLA calls. 15 seconds later sell 5 TSLA calls for $800. Easy does it
went off the cliff
Didn't even close the gap to yesterday's close. Very small reaction to the largest interest rate hike in 30 years.The Pilot said:
went off the cliff
Waiting for Powell to explain himself, deviating from the plan is not his style.
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