Trade Alert: SU

By Stephen Leeb • August 23, 2017

Buy to open the Suncor Energy (NYSE: SU) January 19, 2018 $32 call option.

My oil and oil stock indicators are becoming more positive. I think buying a call on an oil stock, rather than an oil stock ETF, will provide more leverage. I like the Suncor Energy (NYSE: SU) January 19, 2018 $32 call option.

This trade is rated high risk as the option has a chance of expiring worthless if our expectations are not met.

Stock Talk

Comments Oldest First

Comments Guidelines

Pi Chi

08/23/17 ‐ 12:04pm ET August 23, 2017 at 12:04pm ET

HI Stephen,

I would really like to see what you consider to be reasonable prices for the options you recommend. Thanks

Scott Chan

08/24/17 ‐ 11:11am ET August 24, 2017 at 11:11am ET

Dear Pi,

In case you didn’t see my reply above, our suggested limit would be $1.38.

Pi Chi

08/25/17 ‐ 11:18am ET August 25, 2017 at 11:18am ET

Thanks.

Danny Amos

08/23/17 ‐ 12:50pm ET August 23, 2017 at 12:50pm ET

Do you buy at market price?

Scott Chan

08/23/17 ‐ 2:50pm ET August 23, 2017 at 2:50pm ET

Dear Danny and Pi,

We suggest a limit of $1.38 or less.

Danny Amos

08/24/17 ‐ 8:16am ET August 24, 2017 at 8:16am ET

Thank you

Add New Comments

You must be logged in to post to Stock Talk OR create an account

About The Author

Stephen Leeb

Bio | Archive

Stephen Leeb, Ph.D. is the Chief Investment Strategist of The Complete Investor and Real World Investing.

Dr. Leeb’s books have been notable for predicting the secular bull market that started in the 1980s (Getting in on the Ground Floor, Putnam, 1986); the tech stock crash and rise of real assets, including oil and gold (Defying the Market: Profiting in the Turbulent Post-Technology Market Boom, McGraw-Hill, 1999); and the surge in oil prices (The Oil Factor: Protect Yourself and Profit from the Coming Energy Crisis, Warner Books, 2004). His national bestseller, The Coming Economic Collapse: How You Can Thrive When Oil Costs $200 a Barrel (Warner Books, 2006), co-authored with Glen Strathy, outlined the biggest challenges facing the US economy, and accurately predicted the 2008 sub prime mortgage crisis as well as the vicious subsequent economic cycle requiring massive infusions of government stimulus, near zero interest rates and much higher federal debt levels. Game Over: How You Can Prosper in a Shattered Economy (Business Plus, 2009) predicted a permanent peak in global commodity production. Dr. Leeb’s eighth and latest book, Red Alert (Hachette, 2011), outlined China’s growing prosperity and the ways in which its demands on increasingly scarce resources threaten the American way of life.

Among his many speaking engagements, he has been the keynote speaker at both a JPMorgan Chase energy conference and a Royal Bank of Canada commodities conference.

Dr. Leeb received his bachelor’s degree in Economics from the University of Pennsylvania’s Wharton School of Business. He then earned his master’s degree in Mathematics and Ph.D. in Psychology from the University of Illinois in just three years, an academic record that stands to date. He is frequently quoted in the financial media, including Investors Business Daily, USA Today, Business Week, The New York Times, NPR and The Wall Street Journal. In addition, Dr. Leeb is a regular guest on Fox News, Bloomberg, CNN and Neil Cavuto.