Devon Energy (DVN) is scheduled to report earnings tomorrow. I am recommending we sell the shares we were assigned last week, incurring a net debit.
I will recommend a put to sell following the announcement to reduce our net debit.
Current Stock Price: $63.35
Cost Basis: $63.83
Action: Sell shares at market
Net Debit: $0.48
Potential Rate of Return: I am targeting breakeven for this position