DHT Holdings, Inc. (DHT) Social Stream
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$DHT selling Apr $6 strike Puts for $0.10. Since I’m looking to continue my accumulating of DHT I’m welling to buy at technical level of $6. With MA coming in at $5.95 area and rising support at $5.85 which lines up with also support in the $5.8 area.CapitalMarkets22, published April 9, 2021
Point trying to make is for 5 trading days left on the Apr Puts for $0.10 is not a bad play if you want to accumulate more shares. Just keep in mind that this could return to fundamentals and fall 10% from here. This is strictly only a technical add.
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$DHT technicals around $5.8 area followed by $5.5 area then with fundamentals around $5.35 area. DHT has not seen much support in spot rates.
Still waiting on oil supply to increase and ship supply to decrease through scrapping. From what I have seen the scrap market has yet to attract any real tanker scrapping this year. The higher ship assets go and the more supportive spots get the less scrapping happens. We need scrapping to pick up in order to see DHT really move to the upside.