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Income Masters Trade Alert: DVN, VLO

Energy stocks are running up. Let’s pocket profits on our Devon Energy (DVN) and Valero (VLO) puts.

DVN Jul Week One (7/1) 55 Put

Current Stock Price: $59.87

Cash in Hand: $0.77

Action: Buy to close the DVN Jul Week One (7/1) 55 Put for around $0.24, but adjust as needed to close today

Profit: $0.53, or $53 per contract

VLO Jul Week One (7/1) 105 Put

Current Stock Price: $117.65

Cash in Hand: $1.17

Action: Buy to close the VLO Jul Week One (7/1) 105 Put for around $0.20, but adjust as needed to close today

Profit: $0.97, or $97 per contract

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