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Energy May 16 (VLO, CVX, TOT, XOM, RDS/A, BP MMP, E, KMI, SUN)

It’s kind of like,

Let’s, let’s just manage now. Let’s wait and see what happens and not put on a lot of new ones unless we see something that’s just beautiful, like this right here For the one 13, four point move. Let’s see what we got on Chevrolet. See, I might want to wait too, because we’re a lot of the liquid, since I did screw myself last week, a lot of the liquid cash is kind of tied up. Hmm. Stupidly.

Yeah, so

I like this one for a breakout above. Let’s see. Were there aligns with, let me show you, there you go. Give you a frame of reference looking great. Next target is the one 14 on CVX, total. We’re in this in two different 

We’re looking For this 50 in two different timeframes. We caught this beautifully. I don’t have anything else to say on that. Pay attention to the videos last week, X O M frustrated. Didn’t get this. This looks like honestly, this perfect time to try to get in here. I like it. We’re this is one, two, three, four, five. So this is Monday, Tuesday, Wednesday, Thursday, Friday. So yeah, oil kind of did the same thing. So Monday crash, the August is exactly what we wanted. How many open contracts there are, there is so much money in oil right now. So much money. So 33 days away.

Well, these are pretty far

Yeah, the, I mean the risk for reward is I’m happy with this one. Let’s go, XLM look in 33 days, we’re going to kind of creep right in the middle of these, right. We’re going the 67 65 for 33 days and then 67 50 June.

Let me say you, why

Got rejected? I say we’re about to, I mean, we got exactly objective right where we wanted to, it found it support. If it can break out of the 64, real target is 72. I don’t know if he’ll be able to do that in 32 days, but I do see us being able to get to the 67, right? Because if it breaks through, by for the end of this month, which gives us two more weeks this week and next week, we’re like, this is basically one week right here. So we have one, if we have, we have two weeks to get above this 63 line and if we can do it and within that time, time value alone will increase like the increased the option. Now, any time holding it closer would have to probably within two weeks, we need to kind of get this off. If it doesn’t make us money, right. Kind of higher stops. Cause we don’t want to lose the money. But we also with the implied volatility, I think we have a good chance of generating some capital off of implied volatility. Basically our gamma

Royal Dutch. So one of these didn’t have options. Can’t remember world does sell, looking good. Oh yeah. This is looking great. On two, three, four, five, Monday down, we hit that hundred. Ooh, Ooh. I like this. I mean, it’s not, I don’t see it. I don’t see it really popping like massively, but I do see us getting like a four point pop out of this

For 24, like this is my other gamble. $33 or 30. Look, look at this $5 away. 33 days 45 cents. We’re looking at 25 cents. I have $20 for the gamble. Okay.

Okay. We are already in BP and

Oh, I, I mean I do. Don’t get me wrong. It’s perfect. It’s doing exactly. What’s supposed to do. We’re looking for the breakout right here. It’s retested. So we up look above failure, come all the way down. Found the support. Look below failure on the low side. Right. You see how it looked at, but look above and fail on the high side, but then also look above and fail on low side. I like it on the low side and I also like it on high side. Cause it did exactly what it’s supposed to do right now. It’s gathering, gathered some steam. It looks like it’s about to take off as if oil continues where it’s going. This is T up in a way MMP. We are already in this. I’m pretty. I think we’re in the money too. I think we’re in the money for quite some time. Honestly.

Let me see. Oh no. MMP. Yeah. We’re in the money on MMP and KMI 

Total. I mean, it’s just

Tell you where we are. Okay. We have the, the June 18th, fifties on total, like I was telling you we bought them for 45 cents. They’re at 90. We have the May 21st, which is this week expiring in a few days, we are up to, we bought them for 20 they’re at 22 cents. So we need totals that kind of pop up. If we have another dollar and $78 cents day, we are, then we’ll be in the money will be over one 50. So that would be nice.

Yeah, we were also in those or yeah, I should have done we’re in Sunoco. So literally we’re in these last four stocks

We’re In all four of these. Okay. So what does that mean? That means that let’s look at MMP, our position. We have the June. Yeah, we’re we’re directly in the money with the June 18th 47 fifties. We are at 49 Oh eight.

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