Tech is becoming too crowded on each side, trying to find value elsewhere. My plays for tomorrow:
1) VKTX 63p exp 05/10, 2) XOM 119c exp 04/26, 3) IP (international paper) 35c exp 04/26
I’m leaning more towards puts because of the fact that SLB had weak guidance last Friday due to expecting weaker oil demand. It’s an iffy play because oil could go up more once refineries shut down for May but that could already be priced in.