US OptionsDetailed Quotes
UCO241011C31000
- 1.05
- +1.00+2000.00%
15min DelayClose Oct 7 16:00 ET
1.13High0.60Low
0.60Open0.05Pre Close763 Volume221 Open Interest31.00Strike Price70.12KTurnover98.37%IV4.19%PremiumOct 11, 2024Expiry Date0.00Intrinsic Value100Multiplier3DDays to Expiry1.05Extrinsic Value100Contract SizeAmericanOptions Type0.4898Delta0.1319Gamma27.96Leverage Ratio-0.1803Theta0.0014Rho13.70Eff Leverage0.0123Vega
ProShares Ultra Bloomberg Crude Oil ETF Stock Discussion
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As a part of my daily work as an equity sales, I have the chance to look at thousands of investors portfolio from various walks of life, ranging from 3 figures to 8 figures.![]()
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The shocking fact is that majority of them is still losing money despite some having “Years of experience in the market”.![]()
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Below are some of the things that made me understand much deeper about trading/investing through my work and I hope can provide some valuable insight...
The shocking fact is that majority of them is still losing money despite some having “Years of experience in the market”.
Below are some of the things that made me understand much deeper about trading/investing through my work and I hope can provide some valuable insight...
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Lol.. I know right.. wtf just happened? Not betting on MU, that's probably a 'mistake' in playing this game. However some other things didn't work out for me as well. I'd like to share what's worked and didn't to those who are still following.
What failed:
1. My bet on $ProShares Ultra Bloomberg Crude Oil ETF (UCO.US)$ was crushed by the second day of decline on Friday when the Sauds decided that they are giving up on $100 oil and resuming higher prod...
What failed:
1. My bet on $ProShares Ultra Bloomberg Crude Oil ETF (UCO.US)$ was crushed by the second day of decline on Friday when the Sauds decided that they are giving up on $100 oil and resuming higher prod...
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The Fed continues to hold steady, paving the way for a rate cut in September, with a new focus on employment risks in addition to inflation.
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 ...
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 ...
5
Following President Biden's announcement of withdrawal from the presidential race, stocks expected to benefit from a "Democratic victory," such as renewable energy, solar companies, electric vehicle manufacturers, and cannabis stocks, began to rise. Meanwhile, "Trump trades" like oil and gas, financials, and healthcare stocks began to cool. Analysts suggest that if Harris becomes president, she may adopt more ag...
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Oil prices crash nearly 10% in 5 days over fears around weakening global demand.
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
$CHERVON (02285.HK)$ $Exxon Mobil (XOM.US)$ $BP PLC (BP.US)$ $TotalEnergies (TTE.US)$ $EOG Resources (EOG.US)$ $Shell (SHEL.US)$ $Occidental Petroleum (OXY.US)$ $ProShares UltraShort Bloomberg Crude Oil ETF (SCO.US)$ $Powershares Db Multi-Sector Commodi Powershares Db Oil Fund (DBO.US)$ $ProShares Ultra Bloomberg Crude Oil ETF (UCO.US)$ $United States Oil Fund LP (USO.US)$
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
$CHERVON (02285.HK)$ $Exxon Mobil (XOM.US)$ $BP PLC (BP.US)$ $TotalEnergies (TTE.US)$ $EOG Resources (EOG.US)$ $Shell (SHEL.US)$ $Occidental Petroleum (OXY.US)$ $ProShares UltraShort Bloomberg Crude Oil ETF (SCO.US)$ $Powershares Db Multi-Sector Commodi Powershares Db Oil Fund (DBO.US)$ $ProShares Ultra Bloomberg Crude Oil ETF (UCO.US)$ $United States Oil Fund LP (USO.US)$
9
The Oil Market vs Top 10 Metal Markets Combined 📊
Source: Visual Capitalist
$BP PLC (BP.US)$ $TotalEnergies (TTE.US)$ $EOG Resources (EOG.US)$ $Shell (SHEL.US)$ $Exxon Mobil (XOM.US)$ $Chevron (CVX.US)$ $Occidental Petroleum (OXY.US)$ $ProShares UltraShort Bloomberg Crude Oil ETF (SCO.US)$ $Powershares Db Multi-Sector Commodi Powershares Db Oil Fund (DBO.US)$ $ProShares Ultra Bloomberg Crude Oil ETF (UCO.US)$ $United States Oil Fund LP (USO.US)$
Source: Visual Capitalist
$BP PLC (BP.US)$ $TotalEnergies (TTE.US)$ $EOG Resources (EOG.US)$ $Shell (SHEL.US)$ $Exxon Mobil (XOM.US)$ $Chevron (CVX.US)$ $Occidental Petroleum (OXY.US)$ $ProShares UltraShort Bloomberg Crude Oil ETF (SCO.US)$ $Powershares Db Multi-Sector Commodi Powershares Db Oil Fund (DBO.US)$ $ProShares Ultra Bloomberg Crude Oil ETF (UCO.US)$ $United States Oil Fund LP (USO.US)$
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US is Producing 12.9 Million Barrels Per Day
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.
$Pioneer Natural Resources (PXD.US)$ $BP PLC (BP.US)$ $TotalEnergies (TTE.US)$ $Shell (SHEL.US)$ $Exxon Mobil (XOM.US)$ $Chevron (CVX.US)$ $Occidental Petroleum (OXY.US)$ $ProShares UltraShort Bloomberg Crude Oil ETF (SCO.US)$ $Powershares Db Multi-Sector Commodi Powershares Db Oil Fund (DBO.US)$ $ProShares Ultra Bloomberg Crude Oil ETF (UCO.US)$ $United States Oil Fund LP (USO.US)$
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.
$Pioneer Natural Resources (PXD.US)$ $BP PLC (BP.US)$ $TotalEnergies (TTE.US)$ $Shell (SHEL.US)$ $Exxon Mobil (XOM.US)$ $Chevron (CVX.US)$ $Occidental Petroleum (OXY.US)$ $ProShares UltraShort Bloomberg Crude Oil ETF (SCO.US)$ $Powershares Db Multi-Sector Commodi Powershares Db Oil Fund (DBO.US)$ $ProShares Ultra Bloomberg Crude Oil ETF (UCO.US)$ $United States Oil Fund LP (USO.US)$
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1
1 - Oil's volatility has plummeted to the lowest since 2020 as market participants are on holiday and liquidity has dropped.
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...
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...
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sociable Dingo_8604 : Well said @Brianjh
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
I totally agree with all the above especially 1, 5, 6 & 8. They resonate with me and my thoughts. I need to save this post
KK1989 : Thank you for the reminder.
103383658 : good read!
scarlight : it is not ok to lose money. This is a terrifying advice.
102747798 : Bravo. Well said.
Thanks for sharing your thoughts.
I can resonate with some of the points.
Wish you the best!
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