Purchased April 14th $35 puts today. Looking for a pullback to $26 or lower.
For most of my investing life, I have been a part of the upwards bull run spanning nearly a decade. Growth stocks outperformed cyclical and value, interest rates were kept low, and oil was at favorable prices. However, this year I experienced two unprecedented events: The Pandemic and negative oil prices. Both the pandemic and negative oil prices come hand in...
Watchlist Price currently trading above 21/65 EMA Hovering around 200EMA Recent increase in volumes Watching 7.6 level
I'm taking another long swing trade in oil in line with the powerful up-trend in this market. We may look to add on further price retracements toward our stop, but we will not take on more risk by lowering our stop.