Apr. 3 at 10:36 PM
$TPET Weekend risk premium just went into overdrive for the oil sector. With reports confirming multiple US aircraft downed, including an F15 and an A10, rescue choppers taking fire, and a 48 hour ceasefire officially rejected, the Strait of Hormuz is being actively choked off. Add in the weekend political rhetoric about taking the oil, and microcap energy proxies are primed for massive liquidity grabs on Monday.
Keep an eye on
$TPET. It traded 39M+ shares Friday and has a history of violent intraday squeezes on macro oil news. If crude gaps up Sunday night, this will be heavily traded in the premarket. Treat it as a highly volatile tactical trade. Watch the tape, do not blindly chase.
$USO $OXY #OOTT