Category Archives for Chart of the day

Extreme Option Profits Chart of Day… Light Crude Oil Continuous Contract (OED)

Oil just dropped under $20 a barrel on fear the biggest production cuts in history won’t be able to offset weak demand.  “Oil demand will this month hit its lowest levels for the year, according to the International Energy Agency, falling 29m barrels a day below last year’s average to levels not seen since 1995,” […]

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Extreme Option Profits Chart of Day…Carnival (CCL)

Weeks after diving from a high of $42.19 to a low of $7.80, shares of Carnival (CCL) are again showing signs of life. Technically, the stock is wildly oversold at its lower Bollinger Band (2,20), with overextensions on RSI, MACD, and Williams’ %R.It’s also just beginning to bounce from double bottom support and could soon […]

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Extreme Option Profits Chart of Day…Exxon (XOM)

For weeks, oil prices were pummeled by the Russia-Saudi oil price war.However, with hopes major oil producers will agree to massive production cuts on a virtual meeting being held Thursday, oil prices are pushing higher. Reportedly, Saudi Arabia and Russia are near a deal to cut production and put an end to a damaging price […]

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Extreme Option Profits Chart of Day…Crude Oil (EOD)

There were hopes oil would recover. Unfortunately, that may not happen any time soon.  For one, there’s still plenty of demand destruction.  With many of us forced to stay indoors thanks to the coronavirus, demand has dropped.  Worse, without demand, there’s now far too much supply.  In fact, the world is running out of places to […]

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Extreme Option Profits Chart of Day…Dow Jones ($INDU)

Markets are under pressure again thanks to the spread of the coronavirus. Last check, there are now 874,081 global cases with 43,291 deaths. In the U.S. alone, there are 189,633 cases. In Italy, 105,792. In Spain, 102,136. In China, 82,359. Worse, Double Line Capital CEO Jeffrey Gundlach says the coronavirus sell off is not over yet. […]

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Extreme Option Profits Chart of Day…Nike (NKE)

On March 25, 2020, we highlighted Nike (NKE) as an opportunity in a Chart of Day. At the time, we recommended the stock, as it traded at $79.14, and the NKE May 15, 2020 85 call, as it traded at $6.80.  At the moment, the NKE stock is up to $83.40.  The call is now up […]

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Extreme Option Profits Chart of Day…Nike (NKE)

The other day, we highlighted Boeing (BA) as an opportunity. At the time, it traded at $98.35. As of this morning, it’s up to $149 a share.  That’s a gain of more than $50 a share in just two days. This morning, we’re highlighting Nike (NKE) as an opportunity. Nike was another top stock that was beaten up […]

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Extreme Option Profits Chart of Day…Boeing (BA)

While there’s a good deal of pain in the markets, it’s also creating a good deal of “blood in the street” opportunities.  Look at Boeing (BA) for example.  It’s aggressively oversold below $100 a share, and Goldman Sachs just told clients BA has enough cash to weather the downturn, and that air travel would eventually […]

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Extreme Option Profits Chart of Day…Zoom (ZM)

With coronavirus fears, governments are advising “social distancing” to halt the spread. That, according to New Scientist, means, “you can lower your risk of infection by reducing your rate of contact with other people. Avoiding public spaces and unnecessary social gatherings, especially events with large numbers of people or crowds, will lower the chance that you […]

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Extreme Option Profits Chart of Day…the Pro Shares VIX Short-Term Futures (VIXY)

Do not panic in this market. That’s the worst thing to do. At the moment, futures are down another 3,000 points on coronavirus fears, even as the Federal Reserve cuts interest rates to zero, and launched a $700 billion quantitative easing program. Oil also just broke below $30. And, as of this morning, the number of […]

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