Long puts on $LBRT.
Corrective impulse is not finished: Strong resistance @ 10+; LONG PUTS: stop-loss @ 12.5 or even 12.3; expecting a massive trace-down that could see LBRT sub-8, or sub-7, by the conclusion of the second quarter.
This is not trading advice, but it is purely speculation on the long-term behavior of LBRT. This is a much-revisited stock for this trader, but it has been a while since we've stopped in on LBRT; It has fallen further & further behind $HAL Halliburton - which is the safer and better-investing choice in the $USOIL and field speculation sub-niche.
Best,
BDR
Corrective impulse is not finished: Strong resistance @ 10+; LONG PUTS: stop-loss @ 12.5 or even 12.3; expecting a massive trace-down that could see LBRT sub-8, or sub-7, by the conclusion of the second quarter.
This is not trading advice, but it is purely speculation on the long-term behavior of LBRT. This is a much-revisited stock for this trader, but it has been a while since we've stopped in on LBRT; It has fallen further & further behind $HAL Halliburton - which is the safer and better-investing choice in the $USOIL and field speculation sub-niche.
Best,
BDR