Oil, Oil, everywhere, and not a drop to drink.
Pretty obviously breakout pending.
Position:April 16 $5 Call contracts at 0.60 each ($60 each).
PT1 = $6.82 (sell 2 contracts of 3). Potential gain of 300%.
PT2 = $8.26 = PT of 500%
Stop loss at $4.44. We'd likely lose around 50% of the initial investment cost.
Conviction of around 85%.
Pretty obviously breakout pending.
Position:April 16 $5 Call contracts at 0.60 each ($60 each).
PT1 = $6.82 (sell 2 contracts of 3). Potential gain of 300%.
PT2 = $8.26 = PT of 500%
Stop loss at $4.44. We'd likely lose around 50% of the initial investment cost.
Conviction of around 85%.