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SPDR S&P OIL & GAS EXPLORATION & PRODUCTION ETF

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XOP trade ideas

XOP / GDX is not oversold yet, but...The crash in oil is dictated by fundamentals - demand in freefall and production forecast off the charts due to price war. Gold has not been acting as a hedge pretty much against anything, given it is actually sold as a source of liquidation funds. Short oil and long gold seems a trend to continue in the short term from a pure technical standpoint. Contrary theses and conditions for a bounce in the next few months: 1) Gold crashes after the impact of Coronavirus abides 2) Oil jumps because of end of price war
AMEX:XOPShort
by nikodemuskell
CLOSING: XOP MARCH 20TH 24 SHORT CALL... for a .05 debit. Notes: Scratch at 8.45. Will look at rolling out the 21P, 31P next week and then re-upping short calls to cut net delta and reduce cost basis further. Alternatively, I can just wait and see what happens running into expiry, with the most likely outcome that I get assigned on at least the 31 and possibly on both the 21 and 31, with the obvious advantage to staying in the options being the buying power effect as compared to being in the stock.
AMEX:XOPLong
by NaughtyPines
4
CLOSING: XOP MARCH 21ST 27 SHORT CALL... for a .05 debit. Notes: Here, just stripping off some approaching worthless short call. Because my scratch here is 8.59, I'm not going to do a ton further with it running into March expiry, except to strip off "approaching worthless" options. This is because the most likely scenario is assignment on the 31 short put, where my cost basis is 31 minus 8.59 or 22.41 versus 21.89 spot. I'm fine with that, since the underlying is toward the end of range lows.
AMEX:XOP
by NaughtyPines
XOP: Oil & Gas Fund Clings to SupportThe stock market's been undeniably strong, but energy has been the weakest link. Of the 11 major sectors, energy remains at or near the bottom of the rankings. (It's also the only one under its 200-day SMA) The S&P Oil & Gas Exploration ETF is a heavily traded name within the broader energy space. It averages almost 2x more options on a daily basis than the better known XLE: 122,000 contracts in the last month vs 76,000 for XLE , according to TradeStation data. XOP's MACD has been declining since early in the year and it's now trying to hold the $23 level where it peaked in early November. This sets up the potential for a break to the downside and a retest of the December lows around $20. The energy market has struggled with a supply glut. Just this week both the EIA and the IEA had bearish news. The EIA, part of the U.S. government, said domestic oil production passed 13 million barrels for the first time ever. Weekly data also showed big inventories of unused refined products. The IEA, a global organization, separately predicted non-OPEC supply will keep swelling. Throw in a potential of calmer tensions in the Middle East, and the risk/reward may favor weakness in this corner of the market.
AMEX:XOPShort
by TradeStation
The forsaken sector - Oil and GasThis is one sector that is pretty depressed since April 19 or even Oct 18 since it peak at 45 and have plunged to a low of 20 in early Dec this year. The multiple bottoms at 20.38 show evidence that it has reached its bottom and price is going to catch up to its glorious days like before. When? Your guess is as good as mine. (etfdb.com) Here, you can see the components of XOP. The advantage is you need not check out individual company as there are way too many listed. When the price action breaks above the resistance level at 24.15, I will be happy to load more. See you at the TOP.
AMEX:XOPLong
by dchua1969
XOP, FRAK, and PSCE are potential winners from Iran conflictThe oil sector has been mixed today as investors weigh the likely consequences of war with Iran. On the one hand, oil prices are way up, which should be good for energy. On the other hand, a lot of the big oil companies have operations in Iran and Iraq that could be disrupted by military conflict. So which companies might benefit from rising oil prices without so much exposure to the Middle East? First of all, domestic production companies like shale and offshore drillers. Second, clean energy companies. And third, oil and gas exploration companies. It's tempting to go with a clean energy ETF, but those are trading at a relatively high P/E right now and don't pay much in the way of dividends. Instead, I have three ETF suggestions: 1) XOP, an oil and gas exploration ETF. These trades at an extreme discount right now, with a P/E below 5 and a price-to-book ratio of 0.62. That price-to-book ratio means that that you're paying way less for these companies than their assets are worth. If they closed up shop tomorrow and sold off their assets, you'd actually *make* money on that. Plus it pays a 1.5% dividend. 2) FRAK, an "unconventional" oil and gas ETF with a lot of shale companies. The P/E and P/B are higher than XOP, but still attractive at 8.44 and 0.98. The dividend is about the same at 1.5%. 3) PSCE, a small- and micro-cap energy ETF, with a P/E and P/B slightly lower than XOP, at 4.36 and 0.51. This one has actually been the biggest winner today, with a gain of 2.3% vs. about 1.4% in the other two ETFs. However, the dividend distribution is quite a bit lower, at about 0.4%. Perhaps even better than an ETF would be to look at the top holdings of each of these funds and see which have reacted best to the news, and which individual companies have good dividends, valuation, and execution.
AMEX:XOPLong
by ChristopherCarrollSmith