How Options Traders Are Calling an Oil Bottom

Trump will impose tariffs on Mexico until it stops the flow of illegal migrants

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OPENING VIEW     5/31/2019
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Auto Stocks Lead Steep Pre-Market Slide on Trump Tariff Surprise By Emma Duncan Share On Futures on the Dow Jones Industrial Average (DJI) are signaling a negative open, down more than 200 points, after President Donald Trump tweeted he will impose a 5% tariff on Mexican imports beginning June 10. "The Tariff will gradually increase until the Illegal Immigration problem is remedied," he wrote. Auto stocks are among those hardest hit by the tariff surprise, with General Motors (GM) and Fiat Chrysler (FCAU) among the many decliners ahead of the bell. This, as the Dow and S&P 500 Index (SPX) pace for steep monthly losses due to concerns about the trade war with China. Continue reading for more on today's market, including:  How options traders are calling an oil bottom. Booming Snap stock blitzed by call buyers.  Analyst: Tesla is stalling as a "niche automaker." Plus, Costco reports earnings; the Sephora rival suffering a post-earnings plunge; and why Okta stock is being showered in bull notes . >> Continue reading...
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>> Beer Stock Could Be Big Tariff Loser Put traders have been buying options on EWW in recent weeks >> Stocks End Higher as S&P, Nasdaq Test Key Trendline Support Stocks backpedaled alongside 10-year bond yields, stirring recession fears >> Bear Note Sends Kraft Heinz Stock Toward Worst Close Ever Credit Suisse is lacking hope toward Kraft Heinz >> Call Buyers Blitz Booming Snap Stock The social media stock is making a notable move higher today >> Options Bulls Call Bottom in Oil Prices Traders have been buying to open out-of-the-money June calls this week ADVERTISEMENT Turn $1,000 into $1.57 Million - with "Holy Grail of Medicine" On September 10, 2018, a tiny biotech firm won a patent on a new treatment that can "Cut & Paste" any disease from your body. The Nobel Prize Committee called it "The Holy Grail of Medicine." This under-the-radar company is not yet a household name. Our research proves that anyone who gets in now could turn $1,000 into $1.57 Million >>>
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