Short term
Trade view / 03 July 2017 at 15:02 GMT

Energy shares on the rebound — #SaxoStrats

Product Manager, Options Trader, Educator
Instrument: XLE:arcx
Price target: 68.32
Market price: 66.32

Energy stocks are on the rebound after finding support near their 52-week low, helped by the weak dollar and some short-covering. Whatever the reason for this rally, however, it is likely to be short-lived and we therefore exercise caution with this short-term, aggressive position. 

For the trade we will use shares of the Energy Select Sector SPDR ETF (XLE). 

Here's the trade...

Source: Saxo Bank

Management and risk description

Purchasing a long call is a defined risk strategy.


Parameters (XLE)

Status: opening.

Trade: Buy +1 XLE 100 (Weekly) 28 JUL 17 66 CALL at $1.32.

Maximim gain: unlimited.

Maximum loss: $1.32 (premium paid).

* at expiration, not including any commission fees

Entry: today.
Stop: no stop.

Target: 100% ROR, 68.

Time horizon: two or three weeks.

— Edited by Michael McKenna

Non-independent investment research disclaimer applies. Read more
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TastyTrend TastyTrend
It looks nice trade, I could have caught 66.50. I think 65 well support, and turned north on the weekly chart.
ssivis ssivis
Hello Georgio,
DOW(YMC1) hits today 21.508 but your charts in Daily, Weekly and Montly shows 21.504 as High, on the other hand Intraday charts which are 8,6,4,2,1 etc hours shows 21.508 as High Point so they are correct. as a sum all these issues means that Saxo use different database for different chart times which is not right. this kind of mistakes happens so often at Saxo Charts and I was warning this mistaken charts until two years before to TR office but no one was caring them. In the end I changed Saxo with another Int.Firm unfortunately. I hope you guys understood why TR Office has not so many Individual Clients. Please tell your IT manager for the mistake. have a nice week.
Georgio Stoev Georgio Stoev
I see this, Ssivis. Let me have a look tomorrow morning.
TastyTrend TastyTrend
I didn't see any problem.
Georgio Stoev Georgio Stoev
@Ssivis, the data seems to be in sync for all intervals this morning. In the future, should you notice any irregularities please flag it to our customer service so that they can investigate at the spot. Thanks!
TastyTrend TastyTrend
XLE didn't broken descending parallel channel on daily chart, I revised my position and added 1 Call Short from 65 at same DTE..


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