$Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (D...
$Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (DRIP.US)$ everyone is focusing on a trump win and what positions to align yourself with what stocks what sectors. a few people yesterday mentioned what I've been talking about for months. and what they mentioned is and there's a few sectors you want to avoid and at the top of the list is owning the large oil producers/ refineries. I don't believe that we're going to get down to $40 or $30 a barrel right now we're knocking on 81/82. the reason why I don't believe we're going to get into the 30s or low 40s is because the Biden administration has placed so many constraints within the EPA also individuals that have sworn their allegiance to the radicalized left that will be very difficult to open up areas of drilling with a stroke of an executive order by Trump. I do believe that within a year to maybe a year and a half we will get down into low 50s maybe high 40s. take a look at this chart you can see where the white line is, this is the realistic level of retracement. so is oil falls refinery's profits declined their cost of operations if anything go up they never go down so that means they're margins get squeezed and they start reporting losses their stocks will sink and you don't need that to happen you just need the trend to develop a lower prices and institutions will dump these basket of stocks. this is a minimum $20 basket and no one's looking at it yet. it's important to understand if Biden rigs this election again you don't want to go near this basket because oil will go north of 100 during the next four years of his corrupt administration. so this is a perfect example of something you could do a call option on and go out 12 to 18 months no exactly your risk and have an enormous upside.
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10baggerbamm OP : as a follow-up because the sector is very out of favor right now there tends to be extremely large spreads between the bed and the ass when going out a year and a half to January 2026 and this is what I'm going to be doing. it may take you a day or two days or 3 days to build a position you're not going to get executed of any significant amount of contracts right away and you may not get the same strike price you may have to enter multiple orders in at different strike prices and that's what I'm going to be doing but I just want to show you. you can have a a huge spread where nobody is bidding if you pay the offer it's like a $1.50 to $2 Gap. so you need to place your orders in on the bed and you need to constantly monitor it and raise it a penny two cents 3 cents if your broke return permit you to do so some on low price contracts mandate and nickel increase but that specific to whatever company you deal with for your option executions. I believe this is going to be a grand slam home run and I'll be placing my orders at 9:30 this morning . we have had an increase in the price of oil which is what you want this basket of stocks has come down which gives you the upside you're looking for when Trump wins