the crude oil droped from 130 to 80. energy sector has cycle, it cant stay on the top for a long time. I bought puts on 11/28, it is developing a possible head shoulder pattern on daily chart. My first target is 85.
Comment:
12/07 update
avg cost is 3.6, covered 40% at 7 (when stock hit 85), rest breakeven, risk free
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
avg cost is 3.6, covered 40% at 7 (when stock hit 85), rest breakeven, risk free