3SOF

Cramer says sell the refiners but this chart says bounce. The crack spread hasn't been this narrow since Feb but even then VLO rebounded and ran to a record high. What's best about this oversold setup is it doesn't have much room to fall (in this leg). Sept 55 and 57.50 calls. Target is 59 (the 200dma) by next Friday. GL

Nice work Tequity
I've learned to always do the opposite of what Kramer says! LOL!
There's a lot of noise out there but I think in general oil and related will continue to go up.
Have you looked at BHP? Options prices are low AND they have a $22BN/yr uranium agreement going through with China in the very near future.

Your option analysis would be appreciated!

Best
GMan