0.02Open0.02Pre Close1 Volume318 Open Interest46.00Strike Price2.00Turnover2524.09%IV11.46%PremiumNov 22, 2024Expiry Date0.00Intrinsic Value100Multiplier0DDays to Expiry0.02Extrinsic Value100Contract SizeAmericanOptions Type-0.0179Delta0.0146Gamma2596.50Leverage Ratio-31.4010Theta0.0000Rho-46.51Eff Leverage0.0001Vega
Occidental Petroleum Stock Discussion
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The $S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$ has demonstrated strong gains this year, but November has seen mixed momentum: November 1–8: The index surpass past 6,000 (ATH: 6017🥳🥳🥳), supported by solid earnings reports, improved consumer sentiment, and optimism about future Federal reserve rate cuts. November 11–17: The $S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$ retreated...
1. Depressing oil price due to unfavorable economy forecast around the world esp China
2. Oversupply will be exacerbated with peace deals being hammered out after Trump’s inauguration + more “drill-baby-drill” activities
3. Strong USD rally in short to mid term likely to depress most commodities prices including oil...
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