To quote Steve Strazza: “When commodity stocks go, they go!”
This pretty much sums up the talk we had this morning when coming up with today’s trade idea.
We were looking across the strongest sectors and hunting for opportunities to get involved. One challenge we were having is many of the stocks we liked had either already had a big move and we’d be chasing, earnings were on deck in less than a week, or the options chains were too thin for us to get good fills.
Finally, after some searching, we found a name that made sense. And it was one I wasn’t familiar with.