6/13/2022 Recap. Puts Galore Bought In Energy Names.

A Short Term Top In Oil Appears Likely

Here is what stood out to me today as unusual, the bazookas came out in energy today, see for yourself, I noted these bearish trades

XOP - 20,000 July 1st $140 puts

XLE - 47,000 October $62/54 put spreads

XLE - 16,000 July 1st $80 puts

COP - 15,000 July $135 Calls Sold

XOM - 1200 Nov $87.5 Puts

HAL - 2300 Dec $32 Puts

APA - 2500 Oct $40 Puts

That is alot of bea…