Bank of Montreal ZC SP ETN REDEEM 28/06/2041 USD 25 - 063679583 (:OILU)

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  • bsnceo: Eric Balchunas @EricBalchunas ProShares closing a bunch of 3x ETFs. Most have no assets, so likely trimming fat type deal. But... $OILU and $OILD have respectable $200m combined, so perhaps this is more about not wanting risk/headache of having that amt of leverage tied to oil rn, not sure tho..
  • champ: $GUSH $UWT $OILU all hanging around HOD.
  • stairm01: $CVI $SLB $OILU $WLL All of these oil stocks are moving off their lows and all but $OILU have turned green. Long all.
  • stairm01: $OIH $WLL $OILU All had big spikes on high volume at 10:31 this morning on the intra-day charts. I've not seen any news and can't find any. Anyone else?
  • brice:
  • willem: @stairm01 $OIH $WLL $OILU
  • brice: @stairm01 $OIH $WLL $OILU EIA released inventories for crude oil, distillates, gasoline, etc. at 10:30AM
  • stairm01: @brice $OIH $WLL $OILU Thanks brice and willem. Amazing the buying and volume that takes place after these numbers are released.
  • champ: @stairm01 $OIH $WLL $OILU --- Oil inventory numbers were released, all lines showed a #Draw, Oil had a draw of 2.7mb, Gasoline, also had a draw of 3.1mb, Distillates had a draw of 2.7mb.
  • stairm01: $OILU Just had something weird happen. I owned a small position in OILU and had a 0.50 trailing stop on it. At 2:16 it spiked up to 16.50 and right back down and stopped me out at 15.92. It was trading there prior to the spike and just slightly higher than that now. I thought it was one of those stupid false spikes you get on your screen every now and then.
  • bsnceo: @traderbren $OILD beware that the % moves in $OILD do not exactly keep pace with the contra ETF $OILU. Yesterday, the down move in $OILD exceeded the up move in $OILU by about 5%.
  • traderbren: @bsnceo $OILD $OILU - yep, agreed. Thanks.
  • Ajax4Hire: @traderbren $XEC $CVX $OIH $XLE $XOP $HFC $CZZ $PARR $INT $VLO $PSX $XOM $COP $SLB $EOG $KMI $MPC $HES $PE $FANG $XES $SLCA $RIG $DRQ $HAL $DO $SEDG $OILU $SOI $OKE $GEVO Own a goodly size position of $BP - British Petroleum and $RDS/A - Royal Dutch Shell Just recently added primarily for the greater than 6.5% annual dividend. All of the Oil stocks hit yearly lows last month so it seemed the right time to buy.
  • bsnceo: @Forexpro I've got a small position in $OILU that I bought last week around $16.76. Would you advise selling into the pop up at the opening?
  • bsnceo: @bRobert $SLB $GUSH $GASL $USO $SLCA $DRIP $ENPH Last week I bought a small amount of $OILU and I am thinking along the lines you have stated here (I also bought $ENPH). I'm inclined to put in limit orders to sell the $OILU but I suspect the pop isn't going to be too much higher, if at all, than it is selling right now in pre-market. Do you have a price in mind?
  • bRobert: @bsnceo $SLB $GUSH $GASL $USO $SLCA $DRIP $ENPH $OILU $USO target 1 was $12.50 $13.50 is on the table with a weekly channel breakout . Easy to take partials and raise stops . See what the market will give you. Large amount of oil shorts out there could make it more interesting . Positive trade news next month would be a huge catalyst on the demand side . Momentum can be powerful and usually leads to excessive moves up and down.
  • Forexpro: @bsnceo $OILU

    Hey, Bsnceo,

    First, congrats on what looks like being a very nice trade. A more than usually cynical guy with whom I worked many years ago at Bankers Trust would always say on his way out the door on Friday when he was going home lon ...
  • bsnceo: hmmm, glad I parked some cash in $OILU on Thurs. Suspect I will be an early seller.
  • issues: ...
    Oh yeah there's always $OILU! And $SOI (which is listed under "chemicals.")

    Finally decided to put in buy orrders (shuddering) for $XLE $OKE $HFC $PARR $GEVO. (Watching $INT)
  • traderbren: @issues $XEC $CVX $OIH $XLE $XOP $HFC $CZZ $PARR $INT $VLO $PSX $XOM $COP $SLB $EOG $KMI $MPC $HES $PE $FANG $XES $SLCA $RIG $DRQ $HAL $DO $SEDG $OILU $SOI $OKE $GEVO -- depending on how the news plays out, just be cautious about jumping into the oil names as we may very well see institutions selling into this pop, while the retail folks buy with both hands. Watch the pop before you pull the trigger on anything in the oil sector....as the IBD rating of 121 is for good reason.
  • stairm01: $OILU Nice trickle up over the last 4 days. Long stock and some Covered Calls.
  • stairm01: @champ $FANG $EOG #Draw A big volume spike in $OILU on the news. This has been a great trading stock.
  • stairm01: $OILU Up premarket $1.63. Giddy up baby. Long stock from June 19. Been selling calls against my stock and acquiring more stock as it moves up. Nice trade with nice return on covered calls. Similar to $LABU, but no weeklies with $OILU.
  • stairm01: @champ $SPX $DJI I took advantage of the quick 1 point drop in $OILU to buy at $20.10. Working so far. Selling calls against a portion for some protection.
  • champ: @stairm01 $SPX $DJI $OILU ---- The #News-today on #OPEC is, all members and also all non-members, like Russia and others have agreed at their meeting today, to extend Oil production cuts, for nine more months, into March of 2020. #Oil-Analysts forecast is, a #Draw is expected,....of 2.964 M/B.
  • champ: ...
    Today, I only made 4-moves, I added to $KWEB and I also added a new Spec in $SPXL, both going into the close and I also took profits on $DE and $AGCO, today, along with others this week, took profits on $UWT $OILU, also. Plus I had a few Day-trades, ...
  • champ: $UWT $OILU $USO....API-Oil inventory numbers were reported positive... huge #Draw on Oil...7.547 m/b,....#expectations were for a #Draw of 2.5 m/b. Nice #Draw on Gasoline ...3.172 m/b. Cushing-Inventories also reported a #Draw on Oil....1.262 m/b. .....The #EIA, report will be out in the morning....and needs to confirm. However, the price of Oil is up tonight, + $1.14 and is @ $58.97, for now...and this is also a really strong signal for the energy markets, for sure, game on, add risk. YTDH was on 5/31 @ $66, should get back at that level, maybe sooner... than most expect.
  • indigo1948: @champ $UWT $OILU $USO #Draw #Draw #Draw #Draw #EIA - thanks for the update. I am long quite a number of oil issues. Do you have any long term holds in the majors? i.e.; $CVX, $VLO, $XOM, $HAL, $OXY. All the best.
  • champ: @indigo1948 $UWT $OILU $USO $CVX $VLO $XOM $HAL $OXY #Draw #Draw #Draw #Draw #EIA ....Not really, but just hold and have trailing bracketed stops....and watch next weeks Oil inventory numbers, but be-aware before the reports...but for now, really do ...
  • stairm01: $GUSH $OILU Spiking on the intra day with volume
  • bsafriet: $OILU $UWT. Out both for a quick day trade on the oil inventory report.
  • Robert1965: @champ $OILU I sold 3/4 of my $UWT at $16.07, wondering how much you took off today
  • champ: @Robert1965 $OILU $UWT ---- #Investors are waiting for the swing-traders to move off, before they add or take new positions, they know what is going on and what could happen over the weekend. They are #watching. Not very likely that China, is going t ...
  • Robert1965: @champ $OILU $UWT $GUSH #Investors #watching #Patience #News-Event Thanks I did not consider China in the OIl trades, just the Teck trades, I will be looking for re entry now, higher than I was. You comments and thoughts are always appreciated
  • champ: $OILU $UWT $GUSH...still holding and I'm looking around, for new targets, just watching the action.
  • champ: ...
    .......I added more risk, on the close...and I posted on $TQQQ and $SSO. I'm also still holding $SPXL $UWT $OILU $JNUG and $KWEB and I posted about these ETF positions and I don't really like swinging ETF's, without more than a few positive reason. ...
  • CraigReynolds: @champ $SPY $TQQQ $SSO $SPXL $UWT $OILU $JNUG $KWEB #Market-Direction #1 #2 #Hope #Spinners Happy today for you and your posts. You walk the talk. Today, reward time. How fun my friend.
  • champ: @CraigReynolds $SPY $TQQQ $SSO $SPXL $UWT $OILU $JNUG $KWEB #Market-Direction #1 #2 #Hope #Spinners --- Thanks....we will see how it plays out, many others are also set-up for the open.
  • CraigReynolds: @champ $SPY $TQQQ $SSO $SPXL $UWT $OILU $JNUG $KWEB #Market-Direction #1 #2 #Hope #Spinners Looking at $DFEN today. May be in our thinking for a few days with World happening. People are guessing what Potus will do. Need other County backing and my guess they will be a part of helping Iran stop what they are doing. It's there best interest, my take. Good trading to you today, but be careful, it's dangerous at open like Dan said today. Will be interesting to see what traders do.
  • champ: $OILU....adding. Took profits, $SSO $TQQQ $SPXL.
  • stairm01: @champ $OILU $SSO $TQQQ $SPXL Yep, added to $OILU this morning at $20.15 on the pullback. Entered yesterday. Nice surprise this morning.
  • Robert1965: @champ $OILU $SSO $TQQQ $SPXL Where did sell $TQQQ are all out, I sold have at 64.10,
  • champ: @stairm01 $OILU $SSO $TQQQ $SPXL --- The President, just warned Iran, he tweeted "they just make a very big mistake' and I also added to $UWT....Spec adds. They are going to take-out that #Drone-launch-site, is my guess.
  • champ: $OILU $UWT $GUSH ...if anything happens, I have the Oil trade covered. Only thing left to do, is wait and watch.
  • Robert1965: @champ $OILU $SSO $TQQQ $SPXL $OILU are holding your add
  • CraigReynolds: @champ $OILU $UWT $GUSH Question when you trade these 3X, do you just watch close or set a stop?. Understand you generally don't swing always
  • champ: @Robert1965 $OILU ----Out/took profits on these 3 ETF's $SSO $TQQQ $SPXL, these were swing positions into the open only, this swinger is finished, with these positions. ---- I'm only holding Oil and Gold ETF's, as of RHRN...full positions.
  • CraigReynolds: @CraigReynolds Took position in these at open $OILU $UWT $GUSH I have positions in these also $NUGT and $DFEN which I were swings from yesterday. See Potus not setting still. Iran is hurting economically from oil sanctions, must be stop from their mass destruction ideas. They must be crazy, this President doesn't draw a red line.
  • champ: @CraigReynolds $OILU $UWT $GUSH --- I very rarely swing, I have to have a News event to swing ETF's, into the open and that happened yesterday again. I was also swinging on Monday's close and posted. However, I will add back, at some point, timing is not clear, for now. I'm still holding my stock positions, I haven't made any moves on any of my stock positions, only a few add-on's and no-profit sells. I finished setting-up yesterday, only watching the traders, for now. LOL
  • champ: @bRobert $GUSH $OILU $UWT ---- Yes, I agree....and the only real requirement is #Patience's, on these Oil-Trades,...but traders never have any.
  • champ: $OILU $UWT $GUSH --- The price of Oil is hanging around HOD, up $3.16.
  • CraigReynolds: @champ $OILU $UWT $GUSH Nice profits today, sold half of $DFEN $GUSH $NUGT $UWT $OILU, This is first time I did not sell all 3X ETF's Nice profits going into tomorrow, hope My being Piggiest will not get slaughtered. Hope day was good for you. Thanks for helps and posts
  • champ: $JNUG $UWT $OILU $SSO $GUST, great close, on all around HOD, swinging 65%. $KWEB, close off of HOD, swinging 40%
  • stairm01: $OILU Covered Call play. Just went long OILU (3X Crude Oil ETF) AT $17.85 and have an order in to sell July 19, 19 strike for $2.00
  • stairm01: $OILU July 19, 19 CC strike filled at 1.85.
  • champ: @stairm01 $OILU --- Looking positive, the $$$ must be dropping.
  • champ: @Robert1965 $FANG --- Only watching but I'm going to swing part of both of these ETF's...$UWT and $OILU, I added $OILU, this morning.
  • champ: @bRobert $HD $SOXL $SMH ----- Yep, so was I....and that is the only thing that really counts but I'm not swinging this ETF....I will take another look before the open. However, I'm swinging these ETF's,.... into the open....$JNUG $SPXL $OILU $UWT $KWEB $TQQQ. I will say, we are both very active in the markets. Every position that I post about, I'm either holding or trading that position....and when I'm not holding a position, I always post...#NP. This is how I work my #position-posts, in the forum.
  • CraigReynolds: @champ #News #Terrorist #sanctions Nothing better than World political operations that move markets. Never know when. Had nice move early morning, was in and out because of news $OILU $UWT prior to 10:20 AM pull back. Love news for trading at times. Not sure why pullback?
  • champ: ...
    ........Oil ETF's...that I have been posting on...this has been paying off ready nice...$UWT @ $21, up 16% just this week, many didn't understand, why I was trading the stock at $8.00. $GUSH, was up 10% and $OILU, was up 5.75%. Watch these ETF's, f ...
  • champ: $DJI..+ 50 -- $SPY... 20 -- $SPXL.. 13 -- $TNA..--.28 -- $OILU --.08 ------ Need positive Oil-inventory numbers, for these to work. The EIA, report will be released in 5-minutes....#Gamblers place your bets....the energy sector will move the markets...gamblers are setting-up.. RHRN...
  • champ: @bRobert $GUSH --- $OILU and $UWT... both of these EFF's, have more than double YTD.
  • bRobert: @champ $GUSH $OILU $UWT I hold $UWT . as well. I will trade around a core. gentle zig zag ascent. I will add on pb/bounces higher lows within the uptrend.
  • kt4000: Just sold $UNH (one of those you buy and have to hold) which turned out to be a great trade with Dividend. Adding $LNG here - still holding strong on $CVS, $LABU, $OILU, $NTNX, $HD, $WEN, $CMCSA, and $INGN looking to add on strength.
  • kt4000: Just sold $OILU - added more $LABU.
  • kt4000: Glad I loaded up on $NTNX last week when it was down - Jeffries came out with a note that said don't bet against them...... added more $LABU, $HD, $OILU going well also.
  • champ: $OILU @ $22.43 ---- Energy sector ETF....keep your eye on this sector, for great #Day-Trades, for example...this ETF bounded on Friday...around 10% off of LOD... just an outstanding trade. For traders....and there are many other names, in the sector ...
  • kt4000: added a 1/2 position of $OILU at the close along with topping off $WEN which moved up nicely today. Have a good weekend all.
  • champ: $UWT $OILU----Out....The price of Oil dropped this morning...looking around and I can't find anything...so I took profits on my ETF. Energy positions are still working nicely but zig-zagging...... Investors are holding their investment positions.
  • champ: $USO $OILU ---- Oil just had a nice move off of LOD....on a little positive news....the zig-zags continue and always will.
  • CraigReynolds: @champ $USO $OILU Oil is a hard nut for me to understand entries. I keep watching trying and over all I'm an equal trader with these. Still have $XLE bought early Feb when it dropped, good profits. Own other energy companies, but Oil trades???
  • champ: @CraigReynolds $USO $OILU $XLE---- Entries in the sector, are always hard, traders are everywhere. The zig-zags in the energy sector, are really something, drives everyone crazy. My new investment position...$$XEC, is dancing all over the place. For info... see my 2 posts....I believe I will do really well, if don't fall apart.
  • champ: $USO $OILU ---- The EIA just reported a Huge surprise #Draw on Oil inventories ...Oil had a draw of 8.6 m/b...Gasoline also had a draw of 1.9 m/b.
  • champ: @kt4000 $GUSH --- Keep a eye on both these ETF's also...$OILU and $UWT...both are up over 8%....Currently I'm holding $OILU...LOL.
  • kt4000: @champ $GUSH $OILU $UWT Thx Champ.... I will look at $OILU
  • champ: $OILU ....the price of Oil, is moving up a little....but the pit-traders are off, there day is over... must be swing-buyers...just nibbling a little. A few Oil names, sold off....just traders taking profits. Like $FANG and $PXD...NP....only watching. I will be swinging risk....$OILU. The price of WTI-Oil, settled up $1.34..to $56.94
  • mikespear: @champ $DJI $AMZN $SSO $TQQQ $SPXL $LABU $JNUG $OILU $SPY #Market-Direction #after Champ - i am becoming interested in doing more index trading and i appreciate your efforts in posts. May i ask why you would trade sso and spxl, as both seem to track the same index. Does being held by different creators affect something?
  • bigbartabs: @champ $DJI $AMZN $SSO $TQQQ $SPXL $LABU $OILU $SPY #Market-Direction #after ... do you use x3 ETFs $ERX $GUSH ? Wondering how you pick which energy leverage is best, day to day. I had another very good day. I came in this morning again over weight at 127%. I normally am not this long swinging over night.. but if I scan my charts near the close, and they all look strong... I stick. At the moment, overweight again going into tomorrow. Going over a month boundary, into February is always a bit more risk... but this market just keeps on ticking. I'm thinking that with every day that goes by... there is an ever mounting FOMO with no pullbacks. Lots of self kicked butts across the investor ranks, for not getting in earlier. Cheers buddy...
  • champ: @bigbartabs $DJI $AMZN $SSO $TQQQ $SPXL $LABU $OILU $SPY $ERX $GUSH #Market-Direction ---- Sound good but be careful. At this time, for me, I mostly only Day-Trade ETF's....because the Oil markets, mostly only work... off of positive news, in the short term. The energy ETF's turned on 12/26...and I was in those traders...but I'm not swinging any now. However, I'm swinging energy stock positions. LOL.
  • champ: $USO $OILU $CXO...Oil is really strong.....just spiked the markets
  • issues: I was comparing $OILU $OILNF to other OIL funds. Do you have any preferences? The OILNF is the least expensive at $6... just thinking.
  • issues: @champ $USO $OILU $CXO Thank you Mr Champ! I was looking at one of these and I chose USO. It's not too expensive and not too cheap but right in the middle. Perfect. Thanks buddy! Pattern is perfect cup and handle. Nice work. Check's in the mail.
  • issues: @champ $DJI $AMZN $SSO $TQQQ $SPXL $LABU $OILU $SPY #Market-Direction #after Good info! Thanks Champ!
  • champ: #Market-Direction, looks positive....$DJI @ 25,015 up 434 points and now the market is only off around 1600 points, off the 2018 high. This is a really positive set-up... for this move to continue. One could even call this a market-breakout, on News. ...
  • CraigReynolds: $OILU trying hard "but will it" is the question
  • CraigReynolds: $/CL $OILU What's happening in crude?
  • issues: @CraigReynolds $OILU pulling back a bit. Here's the best chart for crude https://www.dailyfx.com/crude-oil Looks like it's making the handle on c & H.
  • Margi1983: $OILU Up 23% since my entry on 1-4-19at 15.20. Raised my stop to the pivot of 16.91. This was at an all time low on 12-26-18 so the rubber band was stretched. Now up 50% in 10 trading days
  • champ: $OILU...Oil ETF....HOD
  • success: @champ $OILU very similar to $ERX
  • champ: @success $OILU $ERX --- $OILU..up 12.3% is crude oil....$ERX.up 8.61% ..holds stock positions....not the same. LOL
  • success: @champ $OILU $ERX got it . . I have been following ERX for sometime . . have a friend in the oil business so will use yours as well . .
  • champ: @success $OILU $ERX --- I'm holding $ERX for now.....my brother is a Oil driller.
  • champ: @spmeyers $XOP $COP $PXD $GUSH #Energy-Sector #Sand-suppliers #have-not #On-line #Sand-Suppliers #new #OPEC #not #new-importing-Oil-customers ---- ETF's are all mostly on hold for now, it is a wait and see.... how the news-flow is...really need posit ...
  • champ: $USO $UWT $OILU ---- WTI-Oil is up today... on even more #Positive-News...but the names in the sector are dropping, for know real reason at all, either... just like the retail names...and this is just a lousy day for the names in this sector also....but Oil ETF's are up because WTI-Oil is up $1.35 @ $52.50 ....and the energy names are down...you don't see that happen very often. Really hard to know what traders and investors are thinking about today in both of these sector...the $XRT and the $XLE....but it is obvious they are taking off risk. I just don't know why, at this point. I'm looking for dip buyers but I'm not seeing any, for now.
  • woodman: @champ $USO $UWT $OILU $XRT $XLE #Positive-News - I'm not sure I understand the fascination with oil. $XOP and $OIH are some of the ugliest charts out there over virtually any time frame in the last year.
  • champ: @woodman $USO $UWT $OILU $XRT $XLE $XOP $OIH #Positive-News --- That is what I'm saying...Oil is up and all the names in $XOP, $OIH and others are down.....I haven't seen that happen before.
  • woodman: @champ $USO $UWT $OILU $XRT $XLE $XOP $OIH #Positive-News - ahh, okay. I misunderstood. It's crazy, isn't it?
  • champ: $OILU up $2.41 now...Oil is up $1.95.....but energy names are following the names in the market and not the price of Oil
  • Robert1965: @champ are you looking at the oil stocks $fang up from 100 to 103, looking at $OILU for direction
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Stock Price $45.27
Change -1.39%
Volume 88,726

The investment seeks to return a multiple (3x) of the performance of the Bloomberg WTI Crude Oil Subindex for a single day. The fund seeks to meet its investment objective by investing, under normal market conditions, in futures contracts for WTI sweet, light crude oil listed on the NYMEX, ICE Futures U.S. or other U.S. exchanges and listed options on such contracts.

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