I might be a little early here, but I like RIG and I'm BUYING. After a 78.6% retracement off the highs it looks promising. The RSI and %R are oversold and have acted as a good buy spot in the past. The company has positive net income so fundamentally pretty solid. Earnings are a way off so no near term shocks. The 15 min chart shows a double bottom, which usually...
Covering this at nearly 50% max profit for a .51 debit. I got in for a .93/contract credit, and am out for a .51 debit, so realized a profit of .42 ($42)/contract -- ridiculous for an $11 underlying .... .
High implied volatility rank plus high implied volatility equals good premium selling ... .
RIG April 15th 9/14 short strangle
Probability of Profit: 66%
Max Profit: .93/contract ($93/contract)
Buying Power Effect: Undefined
Break Evens: 8.07/14.93
Notes: Ridiculously good premium for such a low priced underlying.
RIG exploded past its anticipated resistance at 12, settling at 12.71. In fact its price and volume have been increasing massively each day for a week now.
I'm hesitantly expecting the price of this stock to increase further, but the timeframe is unclear. It's quite possible that we have a bit of a gap on monday, and it opens high. I do not expect the stock to...
Monthly chart shows divergence in momentum and price , this will soon lead to no more sellers , because now the float is hostage. Any buying triggers a massive short covering , which should lead a stock price north of $25 dollars a share 3 - 6 months
Stock has been under masterful accumulation and will continue to be. This trade is almost identical to the...
This is taking a bit of a risk on the oil sector. However due to the breakout of RIG and the fact they have fallen so much I purchased the Jan 18 Leaps for a few dollars. you can see the Break Even lines. This is a potential runner, but being that the sector has been in a bear it is a speculation play...I will keep an eye on it. If however it starts to break down...
This is a time where all fundamentals about the oversupply of oil, glut, and worsening global economy should be ignored.
It is simply so oversold that it in the near term it will vastly outperform most other assets. There's simply a limit to how low it can get before it bottoms.
No, WTI (USOIL) isn't going to $20 in the near term yet. I do see a possibility of...
RIG is coming of divergence that sent price breaking resistance with momentum confirming the move higher by also making higher highs. RIG has since pulled back to a .618 retracement. I am looking for price to move past its most recent leg higher and test the 127 projection of this leg. With stops placed below the most recent swing point low, this trade offers a...
The stock is certainly in a longer downtrend. A Turnaround is to early to tell - Even though, it can be time to start looking at a longer term Long position in the stock. Looking at the timecycles "Low to Low" from 2004 - present, It seems to come in a cycle Low every 76 to 81 weekly bars or every 500 to 550 days. We might now be at week 77 from an earlier Low....
Looks bullish only for a possible short-term bounce back to the support level around 25.......put in a doji candlestick on capitulation type volume......watch to see if it can have 2 up days in a row for any signs of the reversal back to 25 lvl.
I looked to short RIG last week (28th November) but decided against it due to the shortened Thanksgiving trading week.
I am revisiting it today because I think the opportunity has probably passed - for now. Initially the set-up looked good with yesterday's bar being bearish on higher volume - which boded well for a sell position. But then I noticed the low of...
RIG has been bearish since the 2008 high, so with the last bar gapping down on higher volume a near-term sell opportunity looks like a good play.
Price had been going mostly sideways, since the end of 2012, offering a strong support at around $38. When this was broken and retested (turning support into resistance) in August/September 2014 a new bear trend began...
RIG is a high yielder stock with deep value and performing some fundamental valuations from a quantitative perspective it is highly undervalued.
Car Ichan holds the stock and is performing changes. There has been some positive news but in general the market is afraid that low oil prices and dayrates will push earnings down.
Given that the stock has fallen a...
