Zentoro
Long

Binary Event - Bullish move

NYSE:CVX   CHEVRON CORP NEW
CVX             is a correlative equity to XOM             . These are consist in trend moves comparable to other equities in their sector. You want volatility for the option's play. Right now, CVX             is at a crossroads with an IV of 73 and HV 71. With earnings coming up, we're expecting a shift north till the end of this year's first quarter. That's a good play to go deep in options. FEB (22) Call Strike 105 is our target for front month. APR 15 (78) Call Strike is 110 and/or 115. The decrease in IV over the next months in consideration of the options months shows favorable signs of going north. Tomorrow is we'll know.
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