Big Oil Move Ahead?

Published on
May 14th, 2019
Topic
Volatility, Oil, Trading, Technical Analysis, Macro
Duration
15 minutes

Big Oil Move Ahead?

Trade Ideas ·
Featuring Tony Greer

Published on: May 14th, 2019 • Duration: 15 minutes • Topic: Volatility, Oil, Trading, Technical Analysis, Macro

Tony Greer, founder of TG Macro, updates his oil thesis after nailing the bullish price action to start 2019. In this interview with Justine Underhill, Greer explains why he is no longer an oil bull, breaks down the technical and macro indicators he’s currently looking at, and discusses why oil volatility may be the best play at the moment. Filmed on May 9, 2019.

Comments

Transcript

  • MF
    M F.
    19 May 2019 @ 08:12
    Agree with Wes B. Tony is a good presenter and thinks and acts like a trader. So, I don't think it wasn't that he didn't know what levels of spot/vol/duration of where to put the strangles on; I just think it wasn't asked by the interviewer for whatever reason or oversight. Pls for trade ideas, just paste on the ceiling or clipboard of the interviewer the following 6 questions in 60 seconds for all trades: Entry, Target Price, Stop level, Catalyst, Timeframe, Risks to the Trade. Its so easy/basic, and think this makes trades real..otherwise, in the words of Gordon Gekko, "its just conversation".
  • WB
    Wes B.
    17 May 2019 @ 14:49
    In fairness, I think you need to address the long vol structure more specifically. Are you buying strangles? How far out? What strikes? In my experience, when trading options it's easy to be right but still not make money because your timing is slightly off. If you buy a 1 month strangle and you get the move with 1 week left you likely still lose money
  • rs
    richard s.
    16 May 2019 @ 21:38
    wondering why he never mentioned about the possible direction of U.S. dollar in nest 4-6 weeks
  • PB
    Paul B.
    15 May 2019 @ 00:26
    But is China importing oil from USA, that is very important if you are targeting WTI or Brent. WTI could start to build if China isn't buying as much from USA.
  • RB
    Rick B. | Contributor
    14 May 2019 @ 21:58
    Hey Tony; nice job on describing your oil view. I would have also liked you to have spent two minutes following up on your bullish copper call from April, when you stated on RV that you were a buyer at $2.93. It's now $2.72. Please address this and where you're exiting the trade. Thanks.
    • DW
      Denton W.
      15 May 2019 @ 16:23
      I believe most "Trade Ideas" also include a stop out level in the trade description. While I have not watched all of Tony's videos, he has not made a trade yet without including a stop in the ones I've watched.
    • CL
      Chris L.
      16 May 2019 @ 04:29
      Yeah, I commented on that video. To think there was going to be Chinese "demand" was a total miscalculation. Instead of just having one person give a "trade idea," there should be two, three people discussing their ideas. Getting these one sided trade ideas in short form kind of underserved the subscriber.
  • MM
    Mike M.
    14 May 2019 @ 16:33
    Smart to go bet on Vol vs direction Thanks for the trade.
  • PB
    Pieter B.
    14 May 2019 @ 12:47
    Great conversation! Thanks a lot Justine & Tony!
  • DY
    Dmytro Y.
    14 May 2019 @ 05:49
    Why it takes 6 days from filming to publishing?
  • LH
    Laurent H.
    14 May 2019 @ 05:41
    Wow first comment - Tony does great interviews. Was fairly close on the last oil bounce
    • CC
      CHRISTOPHER C.
      14 May 2019 @ 19:37
      Tony's strongest interview so far. A real tour de force. Bravo!