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Thursday, April 25, 2024

Top Trades for Wed, 18 Mar 2015 09:36

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Top Trades for Wed, 18 Mar 2015 09:36
psw-placeholder

Good morning!   

Now I'm, liking SCO short sales again at $103.  

We topped out at $110 in Jan but already we can sell the April $110s for $10.50 so let's sell 3 of those in the STP for $3,150.   We already sold 3 March $105s for $5.40 (now $4.50) and they are going to be cutting it close but, worst case, we'll just roll them to April $110s.  We also already sold March $120s for $13 on the spike to $110 and those look good at $2.50 with 3 days to go.  

Of course I also like the long on /CL off the $44 line – as I said earlier, I expect us to test $45 into the inventories but at least $44.50 should be hit.