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OIB Trade Alert: DVN

Let’s book fast profits on our Devon Energy (DVN) put, earning an excellent annualized rate of return.

Current Stock Price: $68.22

Cash in Hand: $0.52

Action: Buy to close the DVN Dec Week One (12/2) 65 Put

Current Option Price: $0.18-$0.21

Recommended Limit: Set your initial limit order at $0.19, but adjust as needed to close today

Profit: $0.33, or $33 per contract

Rate of Return: 0.5% in two days, or 93% on an annualized basis

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