Zeal is staring down the market with a reccomendation thye made on Sept 6 on some OXY Oct 50 calls that have since taken a 78% haircut.
In todays speculator alert Zeal states that they are not concerned about these options and believes that a energy rally is coming.
“Oil and gas are getting past due for a major rally off of oversold conditions soon.”
Prety ballsy! Their slogan is ‘brave when others are afraid, and afraid when others are brave!’.
I have to say I’m a little afraid, as I think October might be a little soon.. but we shall see! I’m going to average down(denial?) a little bit tomorrow if these are still at 30 cents.
EDIT: I removed some stuff about Iran that I had put here.. I don’t want to send this thread into any more of a tailspin.
