Huge gap up for BOIL this morning.
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Bob Knights Paper Hands
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That's pretty huge continuation after Friday's massive day. This would fill the cup part if we hold here today.
Philip J Fry said:
Huge gap up for BOIL this morning.
Wish I was in it. Didn't want to hold over the weekend.
Hindsight is always 20/20, but I wish I'd thrown more money at it in the 30s. I threw a lot of money at it, did not like the choppiness at the time so I cut my investment in half.
was thinking of trying OXY weeklies if we get a nice dip this morning, but could just keep running XOM weeklies. They've been great for 3 weeks now.
I avoid 0dte pretty much 99% of the time. I go 2 or 3 days out and OTM for a quick scalp, 1 week out OTM for slower moves. Friday I did play a very small 0dte when FJ called it out, good volume came in and a nice wick down that was bought up quick.SoTXAg09 said:
Thanks for that.
Bob Knights Paper Hands
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I hit that false breakdown today with 0Dte, but otherwise have been getting my ass kicked. I'm red for the day so far.
The BA I posted at lower arrow has moved to +3 ATR. Trim, sells covered or sell all depending on your strategy.
Just my 2 cents.
OXY has been a juggernaut like most energy.storey979 said:
was thinking of trying OXY weeklies if we get a nice dip this morning, but could just keep running XOM weeklies. They've been great for 3 weeks now.
Does anyone know what OA's target was to exit those AR December 40s?
What's the consensus on energy stocks? Hold through winter?
Calling Farmer!
Calling Farmer!
You have a customer on line 1
Calling Farmer!
You have a customer on line 1
FTAG 2000 said:
Does anyone know what OA's target was to exit those AR December 40s?
Just saw him post to take the profit again on AR
Red Pear Luke (BCS)
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It was $2.75FJ43 said:FTAG 2000 said:
Does anyone know what OA's target was to exit those AR December 40s?
Just saw him post to take the profit again on AR
lol talk about A+ customer service!
Not the easiest day today.
Red Pear BCS Luke said:It was $2.75FJ43 said:FTAG 2000 said:
Does anyone know what OA's target was to exit those AR December 40s?
Just saw him post to take the profit again on AR
OA just posted this regarding AR. Not sure if same strike.
It was $3.50 but sell into it
— Freedom Costs More Than Being Concerned... (@oldarmy1) November 7, 2022
Bob Knights Paper Hands
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I think we get RSI to power up into bull supply zone (>70) on SPX and QQQ soon. That was complete Ws on both charts. I'm in SPX3775C 0Dte.
Bob Knights Paper Hands
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Bob Knights Paper Hands said:
I think we get RSI to power up into bull supply zone (>70) on SPX and QQQ soon. That was complete Ws on both charts. I'm in SPX3775C 0Dte.
I'm out now. Good push, but didn't have the volume. That'll probably come now that I took my profits.
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Following up on this - I asked him if he was all out and he said he left 5% for a run into the $4 range but I am a Japanese minnow farmer compared to that so I am going to be selling out all of my remaining 4 calls.FJ43 said:Red Pear BCS Luke said:It was $2.75FJ43 said:FTAG 2000 said:
Does anyone know what OA's target was to exit those AR December 40s?
Just saw him post to take the profit again on AR
OA just posted this regarding AR. Not sure if same strike.It was $3.50 but sell into it
— Freedom Costs More Than Being Concerned... (@oldarmy1) November 7, 2022
dodged a bullet thereBob Knights Paper Hands said:Bob Knights Paper Hands said:
I think we get RSI to power up into bull supply zone (>70) on SPX and QQQ soon. That was complete Ws on both charts. I'm in SPX3775C 0Dte.
I'm out now. Good push, but didn't have the volume. That'll probably come now that I took my profits.
That was a big red candle… anyone see why?
Macros are in a tug of war at the 8 and 21 daily EMA
Puke and rally
Bob Knights Paper Hands
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Yep. It's funny, the more I trade in this market the less I am upset about trading like Durkin calls defenses.
Farmer @ Johnsongrass, TX
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Late. Sorry. Momma and I have to shift our daily walk times. Time change and weather play into schedule. 27 degrees and feels like 18. Pure air to flush the lungs.Farmer @ Johnsongrass, TX said:In for a quickie. The '85 Dooley 454 is due for a windshield repair this morn and momma and I go shopping thereafter.Red Pear BCS Luke said:
Fluttered out of 1/3 ofthe Nov 11th $114C for XOM at 70%.
Only 1/3 remaining now - Don't be afraid to take profits.
And remember what Farmer said that even XOM is not immune to consolidation and taking breathers after all these new ATH's
Next week,....XOM has a real good shot to see the $117 area. ........ In the words of the radio version of Mark Levin, "There! I said it!" I'll be working over the weekend on this because I really need to do something in my position too. (For you CVX lurkers out there, that means $190 for you)
Have a great day & weekend!
Make a bunch of money!
BTHOF!
XOM,....the above post still stands, no change.
Going forward, run to Ex-Div 11/14, then a run to payout 12/9 and a run just after payout. No changes. Bullish
3-2-1 crack spread is projecting a greater than $4 earnings in Q4. Ways to go yet but looks great to date. Bullish
Brent at $99.03, WTI at $93.21, spread at $6 that is normal for months now. CVX:XOM spread at $72 - not unusual but upper end of range. Bullish, because there is nothing bearish to account for. WTI:XOM spread at $20, no issues.
XOM continues to unload California assets. California is not friendly to Big Oil. "Underperforming Assets" have to go. 2 assets. One of those is a $2 billion dollar loss and Gov Newsome is allowing it to be charges against profits. (Didn't realize it needed a Gov's approval - so XOM will likely owe no tax in CA this year. LOL!) Fox business has a story on Santa Barbara asset if interested. Never the less, Bullish (California needs $12 gasoline)
SPR releases to stop. Bullish
Mid-Term Elections. I want to type Bullish, but I honestly don't know the market move should it be a Red Wave or a Blue Hold.
If you believe Brent is going to $120 (and I do) than WTI scores $114. If WTI hits $114 that's $135 for XOM assuming spreads maintain themselves. That $135 is just under the $136 the Citi analyst projected for XOM. Hmmm,... And, the SPR has to be refilled, so that is supportive for crude. Brandon said he would refill the SPR between $67 and $72 per barrel <- okay there's your floor price. I guarandamntee you crude is not going below $80 for 18 months. My 87 octane with 10% ethanol is $3.39 and 87 Octane is $4.49.
My clock says bullish overall. Likely some pullbacks along the way, but not sure how far down a pullback will go - not far.
Rest of the market, if it pukes, the energy sector will follow, but will fair better then the rest of the sectors.
Hope this helps.
Bob Knights Paper Hands
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Brian Earl Spilner said:
Puke and rally
I'm not so sure. We could end up with a bear trend this afternoon. The 1 minute RSI for QQQ and SPY have traded more between bear demand and supply zones today. I was biased upward before that dump, but I'd be careful here either direction.
Looking for LABU to hit mid $6 for next swing trade.
Penny stock update. My fun money has doubled with ATLX. The name change from Brazil Minerals to Atlas Lithium has helped their shares I think.
Bob Knights Paper Hands
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Bob Knights Paper Hands said:Brian Earl Spilner said:
Puke and rally
I'm not so sure. We could end up with a bear trend this afternoon. The 1 minute RSI for QQQ and SPY have traded more between bear demand and supply zones today. I was biased upward before that dump, but I'd be careful here either direction.
Or we'll puke and rally, because why not?
Bob Knights Paper Hands
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AAPL leading the charge for puke and rally?
Edit - I meant to use a question mark
Edit - I meant to use a question mark
I'm really surprised aapl has done as well as it has today. Their largest manufacturer is dealing with covid outbreak + china numbers are up. And they have already hinted at the production will be slower to get the phones out because of it.
Brian Earl Spilner said:
Puke and rally
It looks like we should have keyed off of FJ's approach from Friday. There was a drop with volume reaction. Close to the same thing on Friday and here we are with a rally, just like Friday
Bob Knights Paper Hands
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I had a meeting, so I had to set stops on my 3775C. I still made money, but missed the meat of that move.
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