US Silica Holdings Inc had a good Q3, as one of the top companies making revenue in a supportive role in the energy sector. Specifically, they supply sand that's used in hydraulic fracturing of oil and gas wells via its extensive network and can deliver on last-mile logistics (directly to the well site). Subsidiaries like EP Minerals also makes diatomaceous earth, perlite, engineered clays and other industrial products. With an increased demand for energy across the globe, this seems like a not-too-risky investment.
And cross-referencing -- Analysts have mostly rated it a Strong Buy, Buy, and Hold; Yahoo Finance predicts a bullish performance both short and long term. BUT a neutral pattern is detected (see doji-ish star with a slight push up, and commodity channel index.) With the recent Fed rate hike and uncertainty in SPX and general indices, here's my even safer bet: a hedged trading outcome.
Buy 1 $12 Call
Sell 1 $17 Call
Sell 2 $10 Puts
All expiring 1/19/24
Making up to 29% on this options-investing strategy.
Betting that $SLCA does NOT fall more than 34% though 1/19/24.
Capital Required: $1,943
And cross-referencing -- Analysts have mostly rated it a Strong Buy, Buy, and Hold; Yahoo Finance predicts a bullish performance both short and long term. BUT a neutral pattern is detected (see doji-ish star with a slight push up, and commodity channel index.) With the recent Fed rate hike and uncertainty in SPX and general indices, here's my even safer bet: a hedged trading outcome.
Buy 1 $12 Call
Sell 1 $17 Call
Sell 2 $10 Puts
All expiring 1/19/24
Making up to 29% on this options-investing strategy.
Betting that $SLCA does NOT fall more than 34% though 1/19/24.
Capital Required: $1,943