DVN

OIB Trade Alert: DVN

This is definitely the kind of market where you want to take the money and run, so let’s book fast profits on our Devon Energy (DVN) put. Current Stock Price: $72.17 Cash in Hand: $0.53 Action: Buy to close the DVN Sep Monthly (9/16) 67 Put Current Option Price: $0.12-$0.14 Recommended Limit: Set your initial…

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OIB Trade Alert: DVN

Let’s take advantage of today’s rally in Devon Energy (DVN) to book fast profits on our put position. In addition to earning a solid annualized rate of return, this will remove some risk before the long weekend and free up capital for new trades next week. Current Stock Price: $70.60 Cash in Hand: $0.70 Action:…

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OIB Trade Alert: DVN

Let’s try this again! We rolled our Devon Energy (DVN) put last week to avoid assignment. We can close the position now with a nice profit, exceeding our 26% annualized rate of return goal. Given this is a volatile stock tied to the price of oil, I am recommending we do so. Current Stock Price:…

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OIB Trade Alert: DVN

Devon Energy (DVN) has fallen in tandem with oil prices and our put is in the money despite today’s rally. I am recommending we roll our put out two weeks and to a lower strike price to avoid assignment and generate more income. Be aware that I may decide to close this position at breakeven…

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OIB Trade Alert: DVN

Let’s book profits on our Devon Energy (DVN) put now rather than risk a potential late-day reversal. Current Stock Price: $52.25 Cash in Hand: $0.45 Action: Buy to close the DVN Jul Monthly (7/15) 50 Put Current Option Price: $0.07-$0.09 Recommended Limit: Set your initial limit order at $0.08, but adjust as needed to close…

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OIB Trade Alert: DVN

Oil prices slid this week as recession fears hit the energy markets. However, today’s jobs report showed that while the economy may be slowing, the labor market is strong with a better-than-expected 372,000 jobs added in June. I am recommending we sell a put on Devon Energy (DVN). We last traded this independent oil and…

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