$235 Profit
OXYLong Option
Dancemyth721

Entry comments: Evolved Trader alert. Oil still in play. Recently tested highs at $69 before a pull back. Had a sharp pullback this am from $66 to $63. Opened this position EOD around high $64s. Moving up a/h a bit. Looking for retest of highs near $69. Everything is news and market dependent. $SPY looks to have found a near term bottom. Hopefully there's a rising tide to lift all boats.

Exit comments: Price action tripped me up. Mark sold into spike of break over $66 this am, which always trips me up and pulls the volume. I stayed in b/c it made higher lows. Was getting choppy and overall volume was less than previous two days. Yesterday's highs at 66.49. I sold half into break of high of day (1.08), then kept waiting towards push of yesterdays HOD, then sold rest when stock at 66.40 (premium 1.19). It consolidated rest of morning around 66.50-60. Better to take it off and not stress.

000
DatePrice
Entry5/24/20220.90
Exit5/25/20221.135
  • Total Views31
  • Position Size10
  • Percentage26.11%
  • Option TypeCALL
  • Strike67.0
  • Expiration5/27/2022

Charts

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