SCO

EcstaticMango65

Yes, with KOLD. I did not try SCO options ...yet. I made money on the KOLD options but I didn't hold until expiration. I sell as soon as there is green

hypnotic1494

Did you ever happen to trade options on SCO or KOLD?

hypnotic1494

Have you ever purchased options on SCO?

hypnotic1494

Its intriguing that no one has won on the trade. What is everyone doing wrong with SCO or is it a suckers bet that has great volume.

EcstaticMango65

I shorted US nat gas first since we had an abundance and Pooh-tin was obviously using it as blackmail, and numerous other reasons. Bought KOLD at 19 ea. It's been going up a lot lately but it took a few weeks after the reverse split and it was nerve racking. I had a few SCO but sold last week. It's just so volatile, you will have to be okay with it being down double digit percentages at some point. But if you can look at the red and still be confident...there is money to be made longterm. I think oil is on the way out, just not sure how long. Ps: there are some rabid oil lovers out here, be careful and goodluck

stockpreacher

EMTY SCO REK until August. Then whatever you want.

mattlabate

TLDR: Lost a little, learned alot today about options, ETFs, and reverse splits UGH. Felt taken. Reverse splits screw you. In FEB, Bought a July 15 Call option on SCO (PROSHARES ULTRASHORT BLOOMBERG CRUDE OIL) at 10 strike price. Underlying price was around $5 maybe when I bought it? Option contract gave me right to exercise 100 shares of SCO at price of 10 each. Total gamble that the runup in oil would reverse. Spent $100. Fast forward to May something, SCO did a 1:5 Reverse Split. Fidelity turned my standard option into an ADJUSTED OPTION, which was quoted in Fidelity as a contract for right to exercise 20 shares at 10 strike price. Underlying price of ETF moved up at factor of 5. (I guess they do this cause the etf decay?) Fast forward to today. Underlying price is 23.6, which is 13.6 above my strike. But Interestingly, the ADJUSTED option showed zero value, but the STANDARD July 15 10 Strike showed bids over 10. If you know how options work, that means that if I was holding the standard, and had bought it for $100, I could sell it for $1100 plus, a tidy profit. (I'd also acquired some other July options at 20 strike price, showing $3 bids, all in my options cost me 500, and would conceivably gross me 5K) Fidelity wouldn't let me list the options for sale tho, since adjusted options were zero value. Called fidelity, the person didn't know why i couldnt list. I asked to exercise my option, which as she and I both agreed would be 20 shares at 10 strike, plus their 34.99 fee. 234.99 for 20 shares of SCO, which was at 23.6 price, meaning a double of my profit if I sold the SCO right away. However I got a phone call almost immediately from Fidelty calling their margin call for a 1K trade. They then told me to exercise it would be 20 shares at 50/share (to equal the 100 shares at 10/share from the pre-split option contract) NOT the quoted 20 shares at 10 strike price. At the end of it all I feel like the system screwed me again, but also was very annoyed they quoted me the wrong exercise framework then put me into a margin call

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mattlabate

TLDR: Lost a little, learned alot today about options, ETFs, and reverse splits UGH. Felt taken. Reverse splits screw you. In FEB, Bought a July 15 Call option on SCO (PROSHARES ULTRASHORT BLOOMBERG CRUDE OIL) at 10 strike price. Underlying price was around $5 maybe when I bought it? Option contract gave me right to exercise 100 shares of SCO at price of 10 each. Total gamble that the runup in oil would reverse. Spent $100. Fast forward to May something, SCO did a 1:5 Reverse Split. Fidelity turned my standard option into an ADJUSTED OPTION, which was quoted in Fidelity as a contract for right to exercise 20 shares at 10 strike price. Underlying price of ETF moved up at factor of 5. (I guess they do this cause the etf decay?) Fast forward to today. Underlying price is 23.6, which is 13.6 above my strike. But Interestingly, the ADJUSTED option showed zero value, but the STANDARD July 15 10 Strike showed bids over 10. If you know how options work, that means that if I was holding the standard, and had bought it for $100, I could sell it for $1100 plus, a tidy profit. (I'd also acquired some other July options at 20 strike price, showing $3 bids, all in my options cost me 500, and would conceivably gross me 5K) Fidelity wouldn't let me list the options for sale tho, since adjusted options were zero value. Called fidelity, the person didn't know why i couldnt list. I asked to exercise my option, which as she and I both agreed would be 20 shares at 10 strike, plus their 34.99 fee. 234.99 for 20 shares of SCO, which was at 23.6 price, meaning a double of my profit if I sold the SCO right away. However I got a phone call almost immediately from Fidelty calling their margin call for a 1K trade. They then told me to exercise it would be 20 shares at 50/share (to equal the 100 shares at 10/share from the pre-split option contract) NOT the quoted 20 shares at 10 strike price. At the end of it all I feel like the system screwed me again, but also was very annoyed they quoted me the wrong exercise framework then put me into a margin call

BassMasterJDL

I am currently short WTI via SCO $22 calls for Aug 19. Mid 90s coming soon . May da best man win

Infinite_Prize287

Nah just inverse ETFs, SCO, there's also NRGD

Infinite_Prize287

Nice, I couldn't buy it for some reason so I got SCO

greggmax24

I’m with you. Option calls on SCO (oil price inverse 2x) that expire 8/19. Bought mine on Tuesday. Monday would have been perfect timing.

Miko109

is SCO price dependent oil stock prices? or oil futures?

taimusrs

> gas high Invest in oil then, but now is probably too late. You can also short oil though (SCO).

mattlabate

Anybody know how to sell in the money options that from the SCO 1 to 5 reverse split? they show on fidelity as zero value, but are in the money

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fakehalo

Went from wheeling UCO/BOIL to SCO/KOLD last week. Better to just sit in them for now and sell options around them, selling OTM CSPs on the down days if it's not the one I'm currently wheeling.

westonts

SCO baby

jsy217c

How does SCO exactly work? Does it depend on prices of oil stocks? Barrel prices?

greggmax24

Bought SCO August call options this morning. By my quick math I should make 20x when oil goes to $35 a barrel. I might have forgotten to carry the 1 on that math though.

EcstaticMango65

Like I said, SCO will outperform XOM

Morgan____Freeman

SCHWING! My SCO calls will finally pay off

greggmax24

Buying SCO call options tomorrow. Stock is $20 and will go to $100 by early August. Free money honey. Note: There is a good chance I’m doing the opposite of what I’m trying to do given this is an inverse play. In that case I’m always wrong so should be the right play.

EcstaticMango65

Germany is reopening coal plants to get off of Russian natural gas. I am well aware of that situation. ​ It's a classic pump and dump. Right now you are getting the pump (or pumped at the pump if you prefer). The dump part is coming... did you see this article? -- U.S. to sell up to 45 mln bbls oil from reserve as part of historic release Reuters SCO will beat USO

EcstaticMango65

Yes, I live in rural Georgia and these restrictions are already happening. You can't drive an old car or truck in Atlanta, or any other big city. They are phasing these gas guzzlers out. When uncle Sam bailed out the auto industry, they made a deal with the devil. And now that devil wants his due. The auto industry will do as they are told. You watch You'll be able to get farm and other exclusions if you need it for that. But let's be honest, most of these guys are driving the diesels to the grocery store and back. Not to mention electric is better now. That tesla can go 0-60 in 2 seconds. 2 seconds! And all of these electric trucks have more torque. Why drive combustion engines if ev's are better? the sound maybe? idk ​ I do trade daily/weekly/monthly. I trade a lot, too much really. I keep a lot of cash on the bench too. I started buying KOLD and SCO about a month ago. So, far I am doing really well on KOLD I bought most of it at $19 ...after the split. It was like 32 something in premarket this morning! Talk about beating the market, right?! And SCO is going to triple, I just know it

FakeoNameo_

UCO/SCO, GUSH/ DRIP, just time your entries well

Sandvicheater

SCO calls?

cubanpajamas

Oil is at an all-time high with a recession looming. They aren't penny stocks, but find yourself a suitable 3x reverse oil based ETF and ride the price of oil down. NRGD flows the top producers stock price. SCO follows the price of crude. I bought NRGD last week and it is already up 70%. I will hold until oil returns to its traditional price, though. NRGD is currently trading at 88 bux. When oil bottomed out during covid it was worth 100 000. While I don't expect it to go that high, it could easily reach 1000 during a mild recession. If the recession continues oil will tank even further. Apologies for not bringing up a penny stock. This play is of course entirely tied to the price of oil, so be careful and play smart.

fakehalo

I own TQQQ, selling CCs and CSPs around it on longer dated options. I finally just got assigned this weekend at $25 after selling the CSPs 6-7 months ago... I definitely wasn't expecting that to happen, glad I went so far OTM back then. Now wheeling SQQQ and occasionally just buying 3-5DTE puts on QQQ some days. Was in UCO/BOIL, last week switched into SCO/KOLD... sometimes holding both long and short and just selling options around them all. Personally I'd expect oil to fall before tech/spec recovers, but could happen simultaneously. I'm not inherently confident about the macro-view being resolved quickly and I already prematurely made several Jan2024 call spreads already, I need to pay for those now.

Miko109

Would you short oil at current conditions? (buying SCO)

No_Caterpillar_8835

Will be looking at $SCO

lemenick

Same here. Except i fomo’d in today when SCO hit 21 🤣🤣

Stonksinvestor69

Yes oil companies had a good profit these year BUT Exxon lost over $20 billion last year, which was the biggest loss by FAR over the last DECADE. Look at the DRIP and SCO derivatives. If you trace back the charts to November of 2020 (When Biden was elected) oil shorts started dropping price meaning it was anticipated that the price of oil was going to go up. It did. Biden states in multiple speeches before he was elected that he would stop ALL drilling and fracking whether it was on land or offshore. I’m sorry but we still have airlines to operate Mr. Biden, which is where A LOT of our money comes from (TRAVEL). We are the leader in the world for most flights EVERYDAY and EVERY year. How people could think the leader of the free world talking about abolishing oil before he was elected and not expect oil prices to go up is beyond me. I’m severely disappointed in this country.

JakesThoughts1

Bought some SCO, july oil futures down under $4, might work out for nice little income trade, might not

imsilver4fukyou

damn, sold SCO yesterday too early 

Sandvicheater

SCO baby for oil price capitulation

OptionsTrader14

My ability to predict price action and still lose money on the play is astounding. Stopped out of SCO for a loss twice. Now +8%. Stopped out of FUTU yesterday, now +6%. But listen, I've figured it all out. I bought SPXS. Now the market is GUARANTEED to not drop anymore. I've created the new market bottom. And so the rest of my longs can survive. This is your warning bears, the market can't drop so long as I baghold this SPXS position. You have to give the gods a sacrifice to get anything in return.

lemenick

Well ive got 1k of SCO thats burning a hole in my wallet right now. Hopin and prayin oil crashes.

imsilver4fukyou

i played SCO for the rate hike, worked well, but i feel Oil has a lot of legs still. the sell off in oil stocks is like a gift right now

Pitiful-Target-3094

Thoughts on oil price and SCO over the next 6 months?

FreddyDemuth

Absolutely. SCO and DRIP are my biggest holdings. Swing trading TQQQ/SQQQ if I feel confident in momentum (today’s not one of those days lol)

paragonfishhead

how in the world is $SCO down in PM when crude is down $3 from yesterday's close

imsilver4fukyou

loaded phat on SCO, holding my balls. at least i got my day trades today 

OptionsTrader14

Bought SCO. A larger position, double my normal sizing. Die Oil Die.

OptionsTrader14

Starting to look like China is the new Energy. So much of my scans are coming up China when they used to come up Energy. The ideal entry for my oil short was yesterday, but I was too conservative and skipped it. But I wouldn't say it is too late to try an entry today. It failed the first support I was watching, so I'll be trying a buy of SCO. Just shares these days, no options, easier to manage risk amidst this volatility and high IV. NatGas dropped too hard too fast to short now. Missed out on that one, not going to touch it from here. Hurts to miss a 30%+ KOLD move, but you can't catch them all. Despite the market weakness recently, I have been seeing some signs that speculative money is starting to return and buy some of these dips. More beaten stocks are in short-term uptrends and bull flags. That could all get wrecked today by the Fed, but it is a good sign at least. Even some of these crazy "squeezes" in micro-caps like redbox are a positive sign for the market in my book. Expecting a lot of fakeouts today, so going to try and avoid overtrading. Good luck everyone.

Available_Fee6332

Long SCO

MilaJune2

Don’t forget SCO

Outrageous-Win-9449

SCO puts

gordonlabs14

Yeah OILD , SCO

EcstaticMango65

\---The U.S. Department of Energy on Tuesday said it was selling up to 45 million barrels of oil from the Strategic Petroleum Reserve as part of the Biden administration's previously announced, largest-ever release from the stockpile. Deliveries of crude from the SPR sale would take place from Aug. 16 through Sept. 30, the Energy Department said.--- ​ I will give them credit, our government is selling at a good price. Sell it high. I guess this means EV's really will take over in the next few years. Classic Pump and Dump happening right in front of our eyes. I bought more SCO today.

FreddyDemuth

SCO

Boryuha

Feels good to be all cash after a corn short closed. Pissed I missed out on KOLD and SCO though. If Dems don’t throw everything at bringing oil prices down, their party will suffer for years. When keeping it woke goes wrong

Pitiful-Target-3094

Buying some SCO.

Boryuha

Anyone playing SCO or USO puts? Missed entry this morning

imsilver4fukyou

Fuck ya man SCO printing fat.🤑

imsilver4fukyou

were my SCO bulls at 😎

imsilver4fukyou

just need SCO to move into tomorrow 

OptionsTrader14

Today is a day to be careful. We sold off fairly hard, so a small bounce here would be natural. I'm leaning toward trying some short-term bullish entries if the market doesn't sell off. The best approach is not to play the indices for a bounce though. Better results can be had by focusing on individual stocks that have shown the best relative strength over the past couple weeks, and during this big drop. Focusing on good setups is also key. This gives you more of an edge, as you will be playing stocks that will rise harder and hold their gains better against another downturn. Many of these names look to be Chinese stocks that have been recovering from their lows. Top 3 names I'm watching for today: **AMWL.** Telemed small cap. This is the best setup I've got right now, especially on the hourly, very clean consolidation. Up 50% since last earnings. Looking at the chart, you would have no idea the market was decimated recently. Forming a tight bull flag above the flattening 100ma. A strong break above $4 would be my entry. [https://i.imgur.com/DdQCguj.png](https://i.imgur.com/DdQCguj.png) **HGTY.** Insurance small cap. Also rallied 50% from last earnings. Pulled back and found support on the rising 20ma. Even had a slight green day yesterday which is impressive. Holding above 10.50 today would be a good sign. [https://i.imgur.com/lJs0eNb.png](https://i.imgur.com/lJs0eNb.png) **FUTU.** Not as great a setup as the others, but still interesting. Rallied 25% from recent earnings. It has pulled back and shown weakness with the market yesterday, but holding the rising 10ma is a good sign for a potential bounce play. [https://i.imgur.com/x7MrpXk.png](https://i.imgur.com/x7MrpXk.png) On the bearish side, I'm also looking for entries on **DRV, SCO, KOLD,** but those aren't ready yet, probably need several days to weaken. And looking for longer term plays on **JKS** and **LI,** but the market would need to show a lot more strength for those. Finally I'm considering a dip buy on **WIRE** off the 200ma. Good luck everyone.

lemenick

Selling csp’s on KOLD and SCO (short gas and oil). But nobody wants to buy these puts ffs

OptionsTrader14

Intraday trendline break posted on Friday as bearish entry trigger: [https://www.reddit.com/r/wallstreetbetsOGs/comments/v956lh/daily\_discussion\_thread\_june\_10\_2022/ibw6erb/?context=3](https://www.reddit.com/r/wallstreetbetsOGs/comments/v956lh/daily_discussion_thread_june_10_2022/ibw6erb/?context=3) Intraday wedge posted this morning as bearish entry trigger: [https://www.reddit.com/r/wallstreetbetsOGs/comments/vb9i8g/daily\_discussion\_thread\_june\_13\_2022/ic7dboy/?context=3](https://www.reddit.com/r/wallstreetbetsOGs/comments/vb9i8g/daily_discussion_thread_june_13_2022/ic7dboy/?context=3) Chart showing follow-through on both entry triggers: [https://i.imgur.com/cGXJIMQ.png](https://i.imgur.com/cGXJIMQ.png) Added to my SQQQ position with stop at breakeven. Added a UVXY position with stop at breakeven. Oil also on the verge of failing first support. Added an SCO position with stop at $19. Considering a KOLD position as well. I want to buy DRV, but buying at this huge spike feels too much like FOMO, and there is a risk it could gap down hard overnight from these levels. If we get a pullback later in the week I'll consider it then. No more trades for me today. Stops are in place, risk is known, no need to watch every tick. Be careful out there gentlemen (and ladies!).

Sandvicheater

You could buy the actual inverse ETF SCO

pm_me_yo_creditscore

SCO leaps with home equity.

vbgdt

SCO is one way.

necriss

I've been building a short in UCO, around 5% of my margin at the moment. I weighed the pros and cons vs SCO and decided shorting UCO directly is a better long term option.

4-20mA

What if I parked 10k in SCO

imsilver4fukyou

Maaay of gotten SCO a tad early but overall good day 🤪

FakeoNameo_

Called the fuck out of oil. Proud of that shit. Add 100 batch shares of SCO when it goes back up to $120, $123, and $125. We’re sub-$90/barrel again in October

MrMystery282928

SCO

AmbitiousBasket0

start buying SCO ETF in July to prepare for the oil crash.

jfebail

I bought SCO this week.

imsilver4fukyou

SCO is first on my watchlist, will load the fuk up when the drop happens for oil

FakeoNameo_

Slow-stacking SCO shares this summer is a no-brainer $130/barrel is the ceiling for oil this summer and sub-$90 is the where we’ll be by October. Position for the reversal in batches anytime oil hits upswing triggers of $120, $123, and $125 (upswing triggers only, pick your spots). Best play of the next 2 years on the flip, bet.

Infinite_Prize287

Started a small position in SCO (oil inverse) today, will plan to add weekly. The high oil with no relief mantra is overwhelming.

NecessaryBig4622

SCO

NecessaryBig4622

SCO or just borrow gas from your roommates, sell it and just pay them back their gas in the future for a few tendies premium.

imsilver4fukyou

you can buy UCO puts, or calls on SCO

pineapplemoneyshots

SCO inverse etf

Uknow_nothing

These folks saying it’s the top have been saying it since March when I bought XOM at $80. It’ll keep going up all year imo. Then maybe we see some pull backs and I start thinking about buying SCO short crude.

Secure-Ship-Hnl-3081

Time to short SCO, Chevron and Exxon. Goldman trying to dump on retail

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EcstaticMango65

$7k of KOLD at 19 each 7k of MSOS at 14 3k of UVXY at 13 2k of WMT at 119 ​ and about 12k of cash. Waiting to buy UPRO if the S&P gets to 3,700. Also, will buy some SCO if oil gets to $130 per barrel or so

thatdudefromaustin

I’m going all in on SCO (100k) when oil hits 175. Hoping I am a millionaire by next year

EcstaticMango65

Get SCO etf and hold it for two years, you'll thank me later

NecessaryBig4622

A couple reasons: 1 - Greed will eventually turn on more pumps (supply). 2 - If Russia pulls their dick out of Ukraine, oil falls. 3 - Historic crashes in oil have been ~-80% or so. Maybe I’m nuts but I’m in SCO.

ArchegosRiskManager

> If this level is rejected then a strong fall to 100 is imminent Why? > Should I buy USO puts or SCO? Depends on how much you think oil will move. When buying puts you’re paying for the gamma of an option. Assuming your initial delta exposure is the same, puts will do better if there is a big move and SCO will do better for small moves.

AK_TheTrader

Crude oil price is likely to stay high for a long time. The US have decreased oil production due to many small produces that bankrupted in 2020, OPEC is operating at about 60-70% capacity to push the price up. And Russian oil (world second exporter of oil) will soon be banned in manny countries. Aside from supply restrictions the demand for oil demand usually peak in the July. So the fundamental have changed. That being Said UCO put is much more risky due to high IV atm and the fact that it can expire worthless, SCO is slightly less risky but only meant to be held for short term.

lemenick

I closed my portfolio at the start of the year and started selling puts for TSLA, SCO and now GME

thatdudefromaustin

All in on USO right now. Will sell and go all in on SCO when we hit new ATH.

thatdudefromaustin

SCO is a good etf that shorts wti

SetValuable3999

SCO

Euphankio

Had 100 shares of SCO, had me feeling some kinda way when I saw it was up 200+%, only for it to be a reverse split

Euphankio

That SCO reverse split baited me, I woke up and saw it was $22 premarket thinking I was gonna be rich

Morgan____Freeman

My SCO shares just quadrupled in value. Wtf happened?

QuaintHeadspace

What the fuck happened to SCO the short oil etf?

Euphankio

Bought 50 shares of SCO today, let’s get it my brother

AmbitiousBasket0

SCO ETF. hold until oil crashes back to 0.

YoloAlgo

short oil. SCO is gona touch 5 again soon

opokeadoto

Considering SCO.

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