Good opportunity on the Italian Market to be exploited with a spread trade.
Usually ENI and Oil have a positive correlation. In that case we could open a position on ENI and hedge it with another position on Oil trading on the temporary spread between the two securities.
My position here is to sell ENI and buy Oil waiting for the spread to reach again the base line of the Bollinger Bands (orange crosses).
Investing Fellow
Disclosure: My ideas contain statements and projections based on assumptions on capital markets, and therefore inherently subject to numerous risks and uncertainties.
Before buying or selling any stock you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal.
I am not a financial advisor.
Usually ENI and Oil have a positive correlation. In that case we could open a position on ENI and hedge it with another position on Oil trading on the temporary spread between the two securities.
My position here is to sell ENI and buy Oil waiting for the spread to reach again the base line of the Bollinger Bands (orange crosses).
Investing Fellow
Disclosure: My ideas contain statements and projections based on assumptions on capital markets, and therefore inherently subject to numerous risks and uncertainties.
Before buying or selling any stock you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal.
I am not a financial advisor.