Should have held those puts! But you never know.

Snap. Oof.

How we doing folks? No rest for the weary in the $OIH space... burning the midnight oil [pun] jammin' ELO wondering who the next PM might be... does Rishi really want to give it a go??? I'm officially on farmer's oil bandwagon...

3600 tomorrow or Monday open could be the mother of all inverse H&S.... just sayin

Life in the UK... just noticed this new perk on my utility bill... so much government... I fear the US isn't far behind. But hey, let's sack a new PM 45 days in because she thinks fracking should be allowed to become energy independent...farmer?.... farmer???

If it's a negative balance, they owe you money, right

Quote:

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Life in the UK... just noticed this new perk on my utility bill... so much government... I fear the US isn't far behind. But hey, let's sack a new PM 45 days in because she thinks fracking should be allowed to become energy independent...farmer?.... farmer???

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Albeit she was WEF trained I supported her move for drilling and fracking. She was a female Trump on day one. I was suspect of her moves with that WEF tie. Her politics were Nationalist, not Globalist, and I support that. I think she was the real deal, regardless of WEF. Not good to see her go, IMO. It's going to get cold in Europe.

But hey, Europe doesn't have a lock-hold on idiocy, New Jersey filed suit against U.S. Big Oil for climate change destruction. U.S. Big Oil should stop shipping gasoline, diesel, natgas and refined products to the State of New Jersey. That's how you fix a problem. If New Jersey wants communications/negotiations, U.S. Big Oil should tell them, your government and citizens paid for products that were wanted and were freely used, so kindly FO.

Europe slapping sanctions on Iran for selling drones to Russia. No energy deals coming from that type of move. .... Just can't drive that car fast enough off the cliff..

Get the "big coat" ready, you're gonna need it. (Seriously, I do hope all is all well.)

Farmer @ Johnsongrass, TX said:

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Quote:

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Life in the UK... just noticed this new perk on my utility bill... so much government... I fear the US isn't far behind. But hey, let's sack a new PM 45 days in because she thinks fracking should be allowed to become energy independent...farmer?.... farmer???

---

Albeit she was WEF trained I supported her move for drilling and fracking. She was a female Trump on day one. I was suspect of her moves with that WEF tie. Her politics were Nationalist, not Globalist, and I support that. I think she was the real deal, regardless of WEF. Not good to see her go, IMO. It's going to get cold in Europe.

But hey, Europe doesn't have a lock-hold on idiocy, New Jersey filed suit against U.S. Big Oil for climate change destruction. U.S. Big Oil should stop shipping gasoline, diesel, natgas and refined products to the State of New Jersey. That's how you fix a problem. If New Jersey wants communications/negotiations, U.S. Big Oil should tell them, your government and citizens paid for products that were wanted and were freely used, so kindly FO.

Europe slapping sanctions on Iran for selling drones to Russia. No energy deals coming from that type of move. .... Just can't drive that car fast enough off the cliff..

Get the "big coat" ready, you're gonna need it. (Seriously, I do hope all is all well.)

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BaylorSpineGuy said:

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Tenet healthcare down 18% AH.

HCA reports tomorrow morning and there was mega volume on deep OTM puts (30 pts out of the money). Will see what happens.

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Any public healthcare that runs hospitals and hasn't guided down before earnings is going to miss.

I have seen no fewer than two dozen articles on Beckers in the last couple of months on hospital system finances and they all say the exact same thing:

Overall revenue is up
Overall expenses are up more (of which the majority is pay expenses with travelers, PRNs)
Year over year overall net revenue is therefore down.
Most still posted a profit, but much reduced from a year before.

I'm pretty sure I saw one for Tenet that was the worst - 1.2B loss.

If I were with a company and asked, I'd advise them to issue negative guidance, even if it's going to be small. Even if a company is comfortable with the estimates for the current quarter I'd suggest they say, " with the uncertainty in this market due to supply chain issues, rising interest rates, and inflation, we will no longer provide forward guidance at this time". Their stock would be treated the same as if they guided lower, but at least they'd remain in compliance and not lying. However, this would cause earnings estimates to be lowered and easier to beat. This could possibly setup an opportunity for significant stock price appreciation when they beat in a market that doesn't have this much bearish sentiment. JMO

$30,000 Millionaire said:

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Don't forget - monthly opex tomorrow.

A day to just let it happen.

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That would be boring bro….go big or go home.



Kidding as you know.

FJ43 said:

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$30,000 Millionaire said:

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Don't forget - monthly opex tomorrow.

A day to just let it happen.

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That would be boring bro….go big or go home.



Kidding as you know.

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Do I hear a challenge to trade 1,000 0DTE tomorrow?

Wish I could.

Farmer @ Johnsongrass, TX said:

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Get the "big coat" ready, you're gonna need it. (Seriously, I do hope all is all well.)

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Cold doesn't bother me - I run hot. The Euro moms already have their full body sleeping bag coats out this year, and it has been abnormally warm all year. Mid 60s today and already saw several - yea they're gonna freeze in a couple months.

JUST IN: In Taiwan, investors will no longer be able to short stocks at a price lower than the previous close if shares drop more than 3.5% the day before, the Taiwan Financial Supervisory Commission has said in a statement per Bloomberg. The rule is effective immediately.

— unusual_whales (@unusual_whales) October 21, 2022

Reminiscent of the uptick rule. From an historic standpoint, it probably exacerbated the '08 crash after it was removed in 2007. First introduced by SEC in 1938.

A brief history lesson for the morning. Carry on.

XOM trying to bust through $105.

Rejected twice yesterday and once today.

59 South said:

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Farmer @ Johnsongrass, TX said:

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Get the "big coat" ready, you're gonna need it. (Seriously, I do hope all is all well.)

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Cold doesn't bother me - I run hot. The Euro moms already have their full body sleeping bag coats out this year, and it has been abnormally warm all year. Mid 60s today and already saw several - yea they're gonna freeze in a couple months.

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Based on our last trip over there (start of covid), lots of Euro women are, shall we say, well insulated? Quite a few will be just fine.