OXY: potential rally away from here soon

2016年11月29日

I'm buying dips in this stock, awaiting a rally after the OPEC meeting this week. A good cue is if we don't hit 66.92 within the next 3 days, so, keep your eyes open to start accumulating positions, and perhaps taking some profits if you're already long and get a sharp rally to the top of the range once more.
If that fails, we might see the stock fall lower, but we can't know in advance

Good luck,

Ivan Labrie

2016年11月30日

ノート

I completed my position with an average price of 68.39.
Pre-market, now at 69.53.
My biggest entry is at 67.51.

2016年11月30日

ノート

Ok, good progress. We are above resistance and triggered a strong uptrend signal in the daily here. We can expect to hit 75-80 easily.

2016年12月1日

トレード稼働中

Shorted at the money calls for 1 month (72.5 strike, Jan 20 2017).

2016年12月1日

ノート

My avg entry gives me enough wiggle room to be able to wait the pullback out. The call options' 1.87 premium gives me an extra profit cushion too.

2016年12月2日

ノート

Covered my short call and added to longs at 70.87.

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2016年12月5日

手動でトレードを終了しました

Closed at 71.20 for a hefty gain. I'll look to reenter when viable.

2016年12月6日

トレード稼働中

Buying back OXY here
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2016年12月8日

ノート

I closed at the open today, looking to rebuy it soon. Maybe tomorrow, but not sure yet.

2016年12月9日

ノート

I'm rebuying if we get good confirmation, but it should be rather easy if oil holds support and fundamentals boost it further. If it remains sideways, this one will stall or even fall.