Buy Alert: January 3, 2017

| January 3, 2017

Buy Alert:  January 3, 2017


Trade Details

Buy Chevron (CVX) March 17, 2017 $125 Calls for $1.20 or better (lower)



The New Year is here… and the trend of strong moves in the market continue!  

Looking at the impact of a Trump presidency and the big moves by him over the next few weeks will yo-yo the markets.  Specifically, I’m looking at energy companies and seeing a lot of opportunity.

One in particular is Chevron (CVX).

They are closely tied to the price of oil, and they will see their stock price move as oil climbs higher.  

The stock is at new highs… so let’s jump on this trend and grab as much as we can.  We’re going to buy March calls so we can get a lot of time for the price to run. Conservative investors can take profits at $130.  Aggressive investors can hold up to $132.  For risk control, conservative traders should exit at $110, while more aggressive traders can hold down to $105.


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Category: OTW Buy Alerts