Let’s book fast profits on our Devon Energy (DVN) put. Current Stock Price: $53.91 Cash in Hand: $0.45 Action: Buy to close the DVN 5 May 51 Put Current Option Price: $0.18-$0.20 Recommended Limit: Set your initial limit order at $0.19, but adjust as needed to close today Profit: $0.26, or $26 per contract Rate…
Below are the trades we recommended in today’s Options Income Live Trading Session. Note that option prices may have moved since the Live Trading Session.…
Let’s book fast profits on our Devon Energy (DVN) put, earning an excellent annualized rate of return. Current Stock Price: $55.15 Cash in Hand: $0.44 Action: Buy to close the DVN 21 Apr 52 Put Current Option Price: $0.20-$0.21 Recommended Limit: Set your initial limit order at $0.21, but adjust as needed to close today…
Below are the trades we recommended in today’s Options Income Live Trading Session. Note that option prices may have moved since the Live Trading Session.…
I am recommending we close our Devon Energy (DVN) put with a small loss rather than risk the stock reversing before expiration. Current Stock Price: $54.30 Cash in Hand: $0.21 Action: Buy to close the DVN Mar Week One (3/3) 53 Put Current Option Price: $0.27-$0.30 Recommended Limit: Set your initial limit order at $0.29,…
We temporarily exited our Devon Energy (DVN) position by selling our shares to avoid the company’s earnings announcement. The stock sold off 17% last week after the fracker reported disappointing fourth-quarter results and has continued to drift. Devon’s adjusted fourth-quarter earnings of $1.66 per share declined from a year ago and missed the consensus analyst…
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…
Devon Energy (DVN) is rallying today with oil prices following news that Russia will cut oil production by 500,000 barrels a day next month following the announcement of price caps by Western countries. However, our DVN Feb Week Two (2/10) 65 Put is deep in the money. I am recommending we accept shares. The company…
Next week could be a wild one with a spate of earnings reports from mega tech and a Federal Reserve meeting. However, I do not want to sit on the sidelines. Today, I am recommending we sell a put on fracker Devon Energy (DVN), a name we traded successfully numerous times last year. We’re going…
The market is rallying sharply this morning on a lower-than-expected inflation reading. Let’s use this to our advantage to book profits on Devon Energy (DVN) and Starbucks (SBUX), earning annualized rates of return of 113% and 72%, respectively. DVN Dec Monthly (12/16) 58 Put Current Stock Price: $62.52 Cash in Hand: $0.49 Action: Buy to…
