DVN

OIB Trade Alert: DVN

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,…

View details

OIB Trade Alert: DVN, MRVL

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…

View details

OIB Trade Alert: DVN

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…

View details

OIB Trade Alert: DVN

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…

View details

OIB Trade Alert: DVN

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…

View details