DVN

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…

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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…

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OIB Trade Alert: DVN

Devon Energy (DVN) has moved back above our put’s strike today. But rather than wait for the option to expire and risk being assigned shares of this volatile energy stock, I am recommending we close it now at a modest profit. As they say, no one ever went broke taking a profit. Plus, we free…

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Income Masters Trade Alert: DVN

Let’s book profits on our Devon Energy (DVN) put, earning a 0.4% return in four days, or 33% annualized. Current Stock Price: $69.83 Cash in Hand: $0.42 Action: Buy to close the DVN Oct Monthly (10/21) 63 Put for around $0.19, but adjust as needed to close today Profit: $0.23, or $23 per contract

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