07-17-2021, 11:33 AM
I think I will be forced into some NEM and XLE soon. My hedges aren't hedgin' too well. The upside is I am good with the dividends. The only reason I stay away from the more leveraged stuff that pays better put premiums.
(08-16-2021, 06:47 AM)NilesMike Wrote: [ -> ]Looks like a good day to sell puts in XLE. Looking at Sept 17 48 strike for 1.10 ishOr is Wednesday going to be a whole lot better?
(08-16-2021, 07:04 AM)fenders53 Wrote: [ -> ](08-16-2021, 06:47 AM)NilesMike Wrote: [ -> ]Looks like a good day to sell puts in XLE. Looking at Sept 17 48 strike for 1.10 ishOr is Wednesday going to be a whole lot better?
Commodities are tough. 48 XLE does seem pretty safe to me.
(08-16-2021, 04:54 PM)mid range Wrote: [ -> ]Oil still have space to run in my opinion. Too soon. We haven't reopened completely yet. It will take another atleast 2 years for full re-opening.(08-16-2021, 07:04 AM)fenders53 Wrote: [ -> ](08-16-2021, 06:47 AM)NilesMike Wrote: [ -> ]Looks like a good day to sell puts in XLE. Looking at Sept 17 48 strike for 1.10 ishOr is Wednesday going to be a whole lot better?
Commodities are tough. 48 XLE does seem pretty safe to me.
I tried to sell XLE 46 puts today. I don't believe world events favor oil in the near term
(08-16-2021, 05:07 PM)vbin Wrote: [ -> ](08-16-2021, 04:54 PM)mid range Wrote: [ -> ]Oil still have space to run in my opinion. Too soon. We haven't reopened completely yet. It will take another atleast 2 years for full re-opening.(08-16-2021, 07:04 AM)fenders53 Wrote: [ -> ](08-16-2021, 06:47 AM)NilesMike Wrote: [ -> ]Looks like a good day to sell puts in XLE. Looking at Sept 17 48 strike for 1.10 ishOr is Wednesday going to be a whole lot better?
Commodities are tough. 48 XLE does seem pretty safe to me.
I tried to sell XLE 46 puts today. I don't believe world events favor oil in the near term
(08-16-2021, 05:07 PM)vbin Wrote: [ -> ]I find no comfort in two year out oil dreams. That's enough time for a recession, FED tightening, Iran's oil hits the market, election and frackers gone wild, pick one. It's why I stopped reading S.A. oil articles. They are wrong over half the time. Oil always finds a way to crush my soul if I try to hold it.(08-16-2021, 04:54 PM)mid range Wrote: [ -> ]Oil still have space to run in my opinion. Too soon. We haven't reopened completely yet. It will take another atleast 2 years for full re-opening.(08-16-2021, 07:04 AM)fenders53 Wrote: [ -> ](08-16-2021, 06:47 AM)NilesMike Wrote: [ -> ]Looks like a good day to sell puts in XLE. Looking at Sept 17 48 strike for 1.10 ishOr is Wednesday going to be a whole lot better?
Commodities are tough. 48 XLE does seem pretty safe to me.
I tried to sell XLE 46 puts today. I don't believe world events favor oil in the near term
(08-16-2021, 08:42 PM)vbin Wrote: [ -> ]Everytime oil runs too much, world has been threatened by war. Biden not gonna do anything.Just one small factor. Remember last year when we bought SPY puts a couple weeks late and then it doubled faster than anytime since WWII?
OPEC knows it. Wait and watch oil run again.