the crude oil droped from 130 to 80. energy sector has cycle, it cant stay on the top for a long time. I bought puts on 11/28, it is developing a possible head shoulder pattern on daily chart. My first target is 85.
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12/07 update
avg cost is 3.6, covered 40% at 7 (when stock hit 85), rest breakeven, risk free
avg cost is 3.6, covered 40% at 7 (when stock hit 85), rest breakeven, risk free