Dabum, I had not shorted NE yet until buying puts today. But today, if you pull up a 5 day chart, you will see it flat. PTEN is down and has been down all day too. The NE chart looks to me like someone has a lid on it. They are selling despite the sector rising. The sector is rising despite having received a bullish report, but folks are taking some money out here. It shows on CMF on a daily chart. Going into expiration, I think next week could prove ugly to the tune of 5 points on the OIH and 3 for NE. When NE reacts, those puts I bought for 85 cents will go up by 70%. The OIHs will double. Note the MACD on NE beginning to turn. It is a precursor of the OIH IMO since it has outperformed it.
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