Super excited to be able to attend the Tesla Investor day. So impressed by the great work of the @Tesla team and really appreciate the opportunity as one of the 50 retail investors to attend the event! @MartinViecha
@investinguab Exactly. The tricky part is mapping $150 oil into actual upside for BNO/USO vs XLE/XOP/OIH/PBR. Crude ETPs are mostly beta + roll, but equities depend on margins, capex response, dividends, politics, and how long $150 lasts.
@ActuallyClimber@bitcoin77780 My napkin math shows FANG may hit 288 using historical beta 0.75 to WTI if it hits around 150. If supply under stress, it could overshoot to 300.
@ActuallyClimber I think the question is the timing of this 2nd wave. It might take a couple of more weeks or months. What do you think the trigger would be? What I find quite interesting is the MSM appears to be muted on the possibility of huge shortage on the way, feeling like COVID in 2020.
@clanofthehawk@KobeissiLetter Interesting that I also see they may want to pump it to form a double top and may roll over in the summer. Probably another ATH by end of year.
@ActuallyClimber@_JackWilliams Interesting position, Climb, curious why you pick FANG ITM call, I have been in XLE before the war broke out. Better torque on FANG?
@clanofthehawk I also exited before earning, but not sure if I will size it up right now. The trade becomes a bit crowded. Where do you see it is going this year?