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Strategies & Market Trends : BAK - Investing

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To: Zoso_17 who wrote (2678)

5/15/2012 11:05:05 PM

From: Covenant

Read Replies (1) of 3249

Re: NE continues to slide

I'm trying to figure out the best strategy for NE. I'm usually not very big on options, but NE is closing in on the bottom of its range, so I'm trying to figure out the best strike price(s) / strategy. I'm a bull naturally...

The drillers should trade according to day rates and demand, but instead they trade on the price of oil. It doesn't make sense but that is the way it is.

I think oil will see the high $120s again sometime in the next year and a half, and that translates into NE somewhere in the $40s if history repeats itself yet again. Unfortunately, the next 6 months is more important, and the politicians have declared war on speculators. This is putting downward pressure on oil prices several weeks before the Iran boycott sprouts fangs. Other Iran issues such as a bombing would cause an upward spike. This could happen anytime. Oil investors are in the unenviable position of hurrying up and waiting.

CALLS							JAN 18 '14			PUTS
Trade	Quote	Open Interest	Volume	Net Change	Last	Bid	Ask	Strike Price	Bid	Ask	Last	Net Change	Volume	Open Interest	Quote	Trade
Trade	Details	0	0	0.00	19.44	12.65	14.85	20.00	1.56	1.83	1.60	0.04	3	50	Details	Trade
Trade	Details	0	0	0.00	0.00	10.95	12.65	23.00	2.37	2.65	2.13	0.00	0	23	Details	Trade
Trade	Details	15	0	0.00	14.20	9.65	11.25	25.00	3.10	3.30	3.25	0.55	2	75	Details	Trade
Trade	Details	48	0	0.00	13.90	7.85	9.40	28.00	4.15	4.50	2.82	0.00	0	20	Details	Trade
Trade	Details	66	0	0.00	10.10	7.35	7.90	30.00	5.05	5.40	4.00	0.00	0	86	Details	Trade
Trade	Details	16	0	0.00	6.33	6.00	6.40	33.00	6.55	6.95	5.00	0.00	0	48	Details	Trade
Trade	Details	146	9	-0.13	5.37	5.15	5.50	35.00	7.70	8.10	7.07	0.00	0	91	Details	Trade
Trade	Details	30	0	0.00	5.15	4.35	4.70	37.00	8.90	9.40	8.09	0.00	0	20	Details	Trade
Trade	Details	126	3	-0.25	3.45	3.50	3.75	40.00	11.05	11.30	9.59	0.00	0	32	Details	Trade
Trade	Details	1	2	-1.00	2.85	2.96	3.20	42.00	12.25	12.90	0.00	0.00	0	0	Details	Trade
Trade	Details	38	0	0.00	2.39	2.28	2.51	45.00	14.40	15.15	0.00	0.00	0	0	Details	Trade
Trade	Details	34	0	0.00	1.97	1.80	2.13	47.00	15.60	17.45	0.00	0.00	0	0	Details	Trade
Trade	Details	102	0	0.00	1.59	1.32	1.57	50.00	18.10	19.95	0.00	0.00	0	0	Details	Trade
Trade	Details	145	0	0.00	1.10	0.77	1.00	55.00	22.50	24.25	25.35	0.00	0	30	Details	Trade

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