Here's How Option Traders Are Playing Iran
By Brandon Chapman, CMT
Hey trader,
Oil spiked on the Iran conflict. Then it faded.
XLE gapped higher at the open, reversed intraday, and gave back most of the move. Exxon, Chevron, and Occidental all printed the same pattern. Big gap, big fade.
The market was saying this is temporary.
While that reversal was happening, someone bought 42,000 call contracts in XLE at the $68 strike. 
It also picked up another large trade at the $65 strike price as well.
The Ghost Prints Surveillance Console flagged the trade in real time. The positioning tells you more about what institutions are actually preparing for than what oil did today.
We are going to break down why the trade was structured this way, what buying on the reversal signals about conviction, and how far out of the money this strike sits relative to where XLE is trading right now.
Click Here to Continue reading.
Squeeze Traps Can Deliver Windfalls if You Position Correctly…
…or cause pain if you're not.
Trading oil and energy is a fool's errand if you don't know where the big money is laying its bets.
In today's Squeeze Traps session, I laid out exactly how to read the option prints and use them to your advantage…
How to minimize risk and maximize profit when opportunities like this arise.
See how it works for yourself in this exclusive replay.
Disclaimer: Neither TheoTrade or any of its officers, directors, employees, other personnel, representatives, agents or independent contractors is, in such capacities, a licensed financial adviser, registered investment adviser, registered broker-dealer or FINRA|SIPC|NFA-member firm. TheoTrade does not provide investment or financial advice or make investment recommendations. TheoTrade is not in the business of transacting trades, nor does TheoTrade agree to direct your brokerage accounts or give trading advice tailored to your particular situation. Nothing contained in our content constitutes a solicitation, recommendation, promotion, or endorsement of any particular security, other investment product, transaction or investment.Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past Performance is not necessarily indicative of future results.
0 Response to "Here’s How Option Traders Are Playing Iran"
Post a Comment