Jul. 21 at 1:54 PM
$XLE Bought a single lot of shares and bought a couple Vertical call spreads for August monthlies. 60/63.5 based on the high of the year and the delta of 0.39 for the 60 strike. I think earnings are going to be fantastic but guidance should be too almost across the board. I picked refineries as my big winners since the beginning of this “conflict” and
$MPC and
$VLO have not disappointed. If anything they look overextended but I think earnings & guidance will justify the triling mulptiples.
$FANG is another pick that is more high beta to oil prices.
