DVN

Income Masters Trade Alert: DVN

We rolled our Devon Energy (DVN) put yesterday to generate a large chunk of cash. Today’s pop in the stock sent the put premium down to our target exit price. Let’s close it now rather than hold another two weeks. Current Stock Price: $48.86 Cash in Hand: $0.99 Action: Buy to close the DVN 14…

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Income Masters Trade Alert: DVN

Let’s roll our Devon Energy (DVN) put out two weeks and to a lower strike. This will allow us to reduce our exposure while nearly doubling our cash in hand. Current Stock Price: $47.91 Cash in Hand: $0.51 Action: Buy to close the DVN 30 Jun 48 Put for around $0.39 Sell to open the…

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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,…

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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…

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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…

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