Pumping for Profits

Featuring Dave Floyd

Dave Floyd, founder and president of Aspen Trading Group, likes buying shares of ConocoPhillips. He reviews the catalysts, technical levels to watch for and how to make the trade. Filmed on June 5, 2018.

Published on
7 June, 2018
Topic
Oil
Duration
6 minutes
Asset class
Equities
Rating
13

Comments

  • DF

    Dave F.

    16 6 2018 14:25

    0       0

    It has taken a bit of time, but COP is moving lower into my forecast Fib support zone at $63-$61. Looking to build outright longs or do it via a Call Spread

  • MT

    Mike T.

    9 6 2018 07:44

    1       0

    anybody that can find opportunity and make money consistently using technical analysis, and David is one of the best, I bow in admiration, but heck it can be so much easier to make a few shackles using options e.g.
    * 1SD Short (for a Credit) Strangle in July20 Cycle has small (Delta 4) bullish bias & brings in nearly $4 per day in Theta decay.
    * Max Profit for basic 1 lot $136
    * Probability of Profit 68%
    * look to exit at 50% Profit point (probability 85%).
    * @ no later than 20 days prior to Expiration if position is working Roll to August cycle, alternatively close out at 20 DTE
    * rinse and repeat

  • MM

    M. M.

    8 6 2018 17:32

    1       0

    Looks a bit like a Head and Shoulder in the make. But thats probably not in Elliot´s textbook :-) We'll see.

  • DM

    Dan M.

    8 6 2018 04:05

    0       0

    Don't think it is going that low anytime soon.

  • DM

    Dan M.

    8 6 2018 04:01

    5       0

    Thx for getting rid of the blasting music: Short, sweet, quickly to the meat.