10% ROC on this Options trade Idea
XOP seem to be running into consistent resistance at the 38$ level... Last attempt up stalled around the $36 area. This trade idea is for June monthlies Option Trade.
Sell the 38$ Call, and if you want buy the 41$ call to make it a $300 risk play.
The premium you will get should be around $30 per contract... a decent 10% ROI.. for less than two months.
Sell the 38$ Call, and if you want buy the 41$ call to make it a $300 risk play.
The premium you will get should be around $30 per contract... a decent 10% ROI.. for less than two months.
Trade closed: target reached
trade matured a winner
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.