I went long on some XOP calls this morning for the 19 June and 18 Sep contracts. They were dirt cheap and I figure - eventually - I will make a small fortune off of them. If XOP falls this week I plan on adding to them.
Gutsy move. I think you’ll be rewarded as better news on the virus front is probably coming soon. Right now, for the time being, everything is negative.
I’m looking at buying some XLK.
look at the volume of puts compared to open interest for this weeks expiration at 9.5
Wonder if someone sold them to open a position.