US OptionsDetailed Quotes
UCO240913P24500
- 1.06
- +0.62+140.91%
15min DelayTrading Sep 10 10:12 ET
1.10High0.40Low
0.42Open0.44Pre Close83 Volume267 Open Interest24.50Strike Price4.41KTurnover61.63%IV-0.73%PremiumSep 13, 2024Expiry Date1.23Intrinsic Value100Multiplier3DDays to Expiry0.00Extrinsic Value100Contract SizeAmericanOptions Type-0.7817Delta0.2199Gamma16.92Leverage Ratio-0.0612Theta-0.0015Rho-13.23Eff Leverage0.0064Vega
ProShares Ultra Bloomberg Crude Oil ETF Stock Discussion
The Fed's decision statement now refers to inflation as "somewhat elevated," making "some further progress" in reducing inflation, employment growth "somewhat slowed," and the unemployment rate remaining low but "somewhat rising." It no longer states it is "highly attentive ...
Even as OPEC just extended oil production cuts of 2 million barrels per day, oil prices are nearing their 2024 lows.
Recent data suggests that US economic activity in manufacturing and construction is slowing. As a result, oil prices are down 16% from their April peak and up just 3% year-to-date
$CHERVON (02285.HK)$ $Exxon Mobil (XOM.US)$ $BP PLC (BP.US)$ $TotalEnergies (TTE.US)$ $EOG Resources (EOG.US)$ $Shell (SHEL.US)$ $Occidental Petroleum (OXY.US)$ $ProShares UltraShort Bloomberg Crude Oil ETF (SCO.US)$ $Powershares Db Multi-Sector Commodi Powershares Db Oil Fund (DBO.US)$ $ProShares Ultra Bloomberg Crude Oil ETF (UCO.US)$ $United States Oil Fund LP (USO.US)$
Source: Visual Capitalist
$BP PLC (BP.US)$ $TotalEnergies (TTE.US)$ $EOG Resources (EOG.US)$ $Shell (SHEL.US)$ $Exxon Mobil (XOM.US)$ $Chevron (CVX.US)$ $Occidental Petroleum (OXY.US)$ $ProShares UltraShort Bloomberg Crude Oil ETF (SCO.US)$ $Powershares Db Multi-Sector Commodi Powershares Db Oil Fund (DBO.US)$ $ProShares Ultra Bloomberg Crude Oil ETF (UCO.US)$ $United States Oil Fund LP (USO.US)$
That's BIGGER than Saudi Arabia and Russia, countries you naturally associate with being global leaders in oil production.
This rapid growth in production since 2008 has been driven by the Shale boom out of Texas, New Mexico & North Dakota.
This higher production helps the U.S. offset the impact of supply cuts for domestic consumers from OPEC, who generally favour higher prices.
$Pioneer Natural Resources (PXD.US)$ $BP PLC (BP.US)$ $TotalEnergies (TTE.US)$ $Shell (SHEL.US)$ $Exxon Mobil (XOM.US)$ $Chevron (CVX.US)$ $Occidental Petroleum (OXY.US)$ $ProShares UltraShort Bloomberg Crude Oil ETF (SCO.US)$ $Powershares Db Multi-Sector Commodi Powershares Db Oil Fund (DBO.US)$ $ProShares Ultra Bloomberg Crude Oil ETF (UCO.US)$ $United States Oil Fund LP (USO.US)$
2 - Beware that volatility could pick up if Hurricane Idalia hits and impacts US oil supply.
3 - Technical trading could pick up if oil volatility drops below 20%, which is when traders suggest they will stop shorting volatility. That could signal bigger swings in prices and more activity in options' (Source: Bl...
Well, yesterday was fun -
But now it's Cinco De Mayo! is it going to be Arriba 🤩 or Ay Caramba 😱?
Employment numbers come out an hour before open. This should decide direction for a while because FED member Bullard speaks 3.5 hours after open.
This is a short the rally, but the rally could be strong.
$E-mini NASDAQ 100 Futures(SEP4) (NQmain.US)$
Th...
No comment yet