8/1/16: Betting Against Complacency (XOM, CVX, MPC, VLO)

By Igor Greenwald • August 1, 2016

The Energy Strategist is recommending the following high-risk option positions as part of its new leveraged trades feature:

Buy ExxonMobil (NYSE: XOM) Sept. 16 $90 puts at or below the recent ask of $5.35
Buy Chevron (NYSE: CVX) Oct. 21 $110 puts at or below the recent ask of $12.50
Sell covered Chevron (NYSE: CVX) Dec. 16 $100 calls at or above the recent bid of $3.75
Buy Marathon Petroleum (NYSE: MPC) Sept. 16 $45 puts at or below the recent ask of $7.10
Buy Valero Energy (NYSE: VLO) Sept. 16 $55 puts at or below the recent ask of $4.70

For more informaton, please see the latest issue.

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Ken S.

09/13/16 ‐ 10:49am ET September 13, 2016 at 10:49am ET

Hi Igor,
Where are these leveraged trades being tracked on the website? XOM, MPC and VLO puts expire in 2 days, are sitting at or near the money, and need to be either rolled out or closed. So far the stock prices have been flat and not fallen to the degree anticipated

Igor Greenwald

09/15/16 ‐ 3:40pm ET September 15, 2016 at 3:40pm ET

The options trades are tracked here:
http://www.investingdaily.com/energy-strategist/portfolio/options/options-trades/

And the leveraged ETF ones here:
http://www.investingdaily.com/energy-strategist/portfolio/dynamic/leveraged-etfs/

Of the three options trades expiring tomorrow that two betting on refiner losses have been total duds, obviously. We won’t be rolling them out. There’s always another day, but it doesn’t always have to be tomorrow. Our UGAZ win provides some consolation, at least.

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