Seeking Alpha

  Statoil ASA (STO) - NYSE

  • Ricardo Espinosa | Send Message 19 Apr 2012

    STO 10 May SPY 130/140 call spreads and BTO 10 140/130 SPY put spreads for 4.19 credit, SPY needs to follow Europe down real soon.
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    • Ricardo Espinosa | Send Message 1 May 2012
      : Right on the first 2, but if SPY is between 130 and 140, it goes from 14.19 profit on 130, breakeven around 134.19 and higher=losses
    • Ricardo Espinosa | Send Message 1 May 2012
      : It´s a hedge against all my long positions, I hope it loses money, TEF, SAN, DE and MCP doing great this week.
      STO vs. ETF Alternatives
      Company Description
      Statoil ASA is an integrated oil and gas company. It explores, produces, transports, refines, and markets petroleum and petroleum-derived products. It has operations in Norway, rest of Europe, and North America.