03-21-2022, 04:58 PM
(03-21-2022, 04:18 PM)stockguru Wrote:I appreciate the advice. Not sassing you lol but I am adding to what I don't already own. I own no retail other than the portion of of VSTO engaging in that. And when I say "add" that usually means selling puts at my desired price so it works out or I just collect cash. My port is mostly sideways for four months but setting person records for cash. It's too easy with weekly volatility. This will end but a lot of $2K income weeks this year and very hard to find a place to go long with the cash.(03-21-2022, 02:42 PM)fenders53 Wrote: Slow day. Need more red soon. Loaded up on oil put sells on the dip which has been working every week for a long while now. Looking to add some retail if they pull back another day or two.
Load up on banks, insurers and brokers in this weakness.
Retail I will add to DKS only
Oil I’m staying out of. You missed the boat if your buying now your asking for trouble. I own DVN, EOG, CVX, VLO, XOM, and OXY. But I’m not adding here. In fact I will be trimming. Everyone is pounding the table and that’s usually a top. Don’t get my wrong they are undervalued here. But oil will most likely go back to $80-85 a barrel. And oil will trade off of that. There is no way it goes to to $140 like predicted. They won’t allow it. If that’s the case we’re all in trouble lol
Retail will slow due the economy slowing, higher interest and higher pump prices. I think they go lower.
OK now I will sass you. You need to do more homework if you think oil stays at $85 for long, and definitely not this summer. I have been keeping 6-8 oil puts open for months now and all of them have expired worthless. None of them are past a month to expiration though they probably could be. Whether oil goes to $140-200 or whatever I don't know. Oil companies are printing money at $100 oil so it's all good.