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If the Banks Kill the Option Premium now into Op Ex Next Fri. The Rally Could be HUGE!!!

Posted on 5/12/22 at 10:22 am
Posted by Hussss
Living the Dream
Member since Oct 2016
6744 posts
Posted on 5/12/22 at 10:22 am
They normally kill it and steal it (options premium) so let’s see what’s up into next Fri.

I am buying heavily shorted stuff.

ETA: DRIP is the play for a nice swing. I mean CNBC pumps the energy sector reminding folks how well it’s doing right? And Schwab and all the other little Davos WEF dickheads want to go green, right?!

DRIP FTW!!!
This post was edited on 5/12/22 at 10:27 am
Posted by castorinho
13623 posts
Member since Nov 2010
82037 posts
Posted on 5/12/22 at 10:23 am to
quote:

The Rally Could be HUGE
quote:

Hussss


Posted by DTRooster
Belle River, La
Member since Dec 2013
7962 posts
Posted on 5/12/22 at 10:27 am to
Lulz
Posted by frogtown
Member since Aug 2017
5037 posts
Posted on 5/12/22 at 10:39 am to
So you are going short oil and gas. Not a smart play IMO.
Posted by LSUcam7
FL
Member since Sep 2016
7906 posts
Posted on 5/12/22 at 10:41 am to
Not sure I’d be giving this type of advice to this board.

Shorting the best sector on the year that still has tailwinds? Maybe it works for a few days/week, but that’s not the advice this board needs.
This post was edited on 5/12/22 at 10:41 am
Posted by Hussss
Living the Dream
Member since Oct 2016
6744 posts
Posted on 5/12/22 at 10:42 am to
Only for a swing through next Fri.

Since XOP and OIH have been roaring the last month, the banks will take a lot of it back and DRIP profits.
Posted by Hussss
Living the Dream
Member since Oct 2016
6744 posts
Posted on 5/12/22 at 10:45 am to
You HAVE to know how they play the game. Otherwise you have NO SHOT.
Posted by LSUcam7
FL
Member since Sep 2016
7906 posts
Posted on 5/12/22 at 10:47 am to
Southwstn Ener
Eqt
Ovintiv
Antero Resources
Cnx Resources
Hess
Hf Sinclair Corporation
Valero Energy
Range Resources
Murphy Oil

List of the top shorts in the product. Some of these names have already sold off. XOM isn’t even in the top 10.
Posted by LSUcam7
FL
Member since Sep 2016
7906 posts
Posted on 5/12/22 at 10:48 am to
quote:

OIH have been roaring the last month


It’s down 15% over the last month.
Posted by Hussss
Living the Dream
Member since Oct 2016
6744 posts
Posted on 5/12/22 at 11:20 am to
Just watch the DRIP ETF.

Sit back. Learn something.
Posted by DTRooster
Belle River, La
Member since Dec 2013
7962 posts
Posted on 5/12/22 at 11:32 am to
Bear dude of oil and gas right now, huh? Good luck
Posted by LSUcam7
FL
Member since Sep 2016
7906 posts
Posted on 5/12/22 at 11:33 am to
quote:

Maybe it works for a few days/week, but that’s not the advice this board needs.


Most of these folks aren’t swing trading. Maybe you should start a swing trade thread that gives a disclaimer to what a swing trade actually is, so most can avoid it.
This post was edited on 5/12/22 at 11:34 am
Posted by Hussss
Living the Dream
Member since Oct 2016
6744 posts
Posted on 5/12/22 at 12:06 pm to
Also, watch what gold miners do next week. They have collapsed this month. GDXU FTW!!
Posted by JLivermore
Wendover
Member since Dec 2015
1425 posts
Posted on 5/12/22 at 12:18 pm to
I hope your rally does not require a volatility spike first.

They've gotten really good at selling off without a volatility spike and unwind fricking it up like it always does in past violent selloffs
Posted by whiskey over ice
Member since Sep 2020
3266 posts
Posted on 5/12/22 at 12:41 pm to
quote:

The Rally Could be HUGE
quote:

Hussss


Posted by Hussss
Living the Dream
Member since Oct 2016
6744 posts
Posted on 5/13/22 at 9:18 am to
Bumpity Bump Bump Bumpity Bump Bump Look @ Ms Market go……..

Bumpity Bump Bump Bumpity Bump Bump……..

Again: LEARN how “THEY” play the GAME! It’s one big game to “THEM!”

When weekly options are about to expire, do the OPPOSITE of what has been working and PROFIT!!!

TGIF MB!!!! Cheers!!!!
This post was edited on 5/13/22 at 9:22 am
Posted by LSUcam7
FL
Member since Sep 2016
7906 posts
Posted on 5/13/22 at 9:40 am to
DRIP down 8% today?
Posted by Hussss
Living the Dream
Member since Oct 2016
6744 posts
Posted on 5/13/22 at 10:03 am to
Re-read the thread hoss.

Also, GDXU up 10% today. The heavily shorted stuff like I mentioned is FLYING! My swing trading account is up over 20% today and I don’t even buy options.

Get back to me end of op Ex next Fri.

Have a good one.
This post was edited on 5/13/22 at 10:11 am
Posted by LSUcam7
FL
Member since Sep 2016
7906 posts
Posted on 5/20/22 at 2:59 pm to
DRIP went down 13.5% based on your call.

Huss gonna Huss.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 5/20/22 at 3:57 pm to
I’m short natural gas and have until 2024 for it to play out. A very conservative trade with a maximum loss certain.

I haven’t checked Brent and WTI, but I wouldn’t doubt there is an opportunity to affordable and conservatively short there either.

Just saying.
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