CVX Swing Trade Long

2017年2月5日

CVX has been in a nice uptrend and is among the stronger stocks from the XLE sector. Prices reached $119 and have retreated in an orderly manner. The price target for a measured move is at the 122-123 level, so I would suspect another leg up to complete the move.
I am looking for prices to retrace to the $110 level and will buy Calls. Price target is the previous high of $119 and the MM target of $122.
Good Hunting!

2017年2月12日

注释

Prices have continued to retrace toward the 200sma and our target level at 110. In fact prices came within $0.32 on Wednesday.
I'm looking at June 110 Calls @ $3.90, based on a delta of 0.56. We will ride this up to 113 for a first profit target. We will then look for the price action around $115 and $119 to take additional profits.
Good Hunting!

2017年2月27日

交易开始

Still holding onto Jun 110 Calls @ $4.00. Looking for 113.50 first price target. Prices have channeled between $112 and $110 the last week. Looking for a breakout, but I'm concerned about the Trump Tax-Plan news tomorrow and NFP on Friday. Could be a good opportunity to take profit and re-buy again later in the week or next week. I will provide additional updates.
Good Hunting!

2017年3月7日

交易开始

Prices hit $113.50 price level on 3/1 and I sold 1/2 position for $6.25. Currently holding 1/2 position with breakeven option price stop @ $4. Continue to hold and watch for prices to continue upward.
Resistance at teh $114 that has yet to be broken.

2017年3月19日

交易结束：到达止损

Sorry for the late update. I was stopped out on 3/8/17 at the breakeven 4/contract on the subsequent move back down below $110. Nice profit, although I wished we could have seen a larger bounce.