Option Iceman 10:21 am on Thursday, May 4, 2017
Tags: FallingKnife ( 964 ), NewLows ( 2 )

$SWN $RRC $EQT $DO $APA…

$SWN $RRC $EQT $DO $APA $OXY $GWW $BBBY #FallingKnife candidates today. Most are in the Oil/Energy space.

jsd501 10:25 am on Thursday, May 4, 2017

Those charts look ugly. Some day they will recover but it may take a long time.
- Option Iceman 10:27 am on Thursday, May 4, 2017
  
  #FallingKnife #NewLows – Looking at short Puts in November, December and January. By then today’s charts will be ancient history.
  - fibwizard 10:30 am on Thursday, May 4, 2017
    
    @optioniceman
    
    Thanks for the downside IV..I am having a great day riding the waves up and down…
    - fuzzballl 10:40 am on Thursday, May 4, 2017
      
      Surfin’ USA!
  - jsd501 10:35 am on Thursday, May 4, 2017
    
    I own HOS which I have a 50% loss on minus the covered call premium. Lucky for me that it is a small position and I can write covered call on it until it recovers but, That one is enough for me in the oil sector.

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