Liz here with your first official exit alert! (This momentous occasion coincides with me finally getting my living room painted! It’s about time.)
As you know, we’ve been tearing up the oil patch recently here in Trading Today, with double-digit gains in several of our energy plays continuing to climb. OPEC’s reassuring announcement this week that they won’t flood the oil market with supply certainly didn’t hurt.
You may or may not have closed out half of my own USO calls recently when they hit the 70s (much like the color scheme in my living room. What can I say – I like orange and macramé. Told you I was old.)
But now both AK’s and my dueling plays from the dinosaur alert have crested that 100% wave (mine got there a nose ahead)…and while you can always let them run longer if you like, I myself, recommend that you cash out on both USO and OXY. This is part of the secret to being lucky in Vegas.
Oh, and I’ve also got another quick “oil patch” trade teed up for you – from AK again. He sees this one headed to 100% by mid-November, as well!
Because I wanted to get this morning’s exit alert out to you quickly, I’ll probably send AK’s new oil play over to you a bit later today. As I said, he’s targeting mid-November, so the calls he’s recommending will have a little room to run.
Keep an eye out for that email.
But for now…
Here’s Your Exit Instructions for USO and OXY
Here’s your double 100% — you can thank me later. At some point, once I brush my hair, I’ll probably be on Money Morning LIVE.
Actions to Take:
SELL-to-CLOSE USO November 19 $55.00 Calls (USO211119C00055000) at a 100% gain or better. And SELL-to-CLOSE OXY November 19 $31.00 Calls (OXY211119C00031000) at a 100% gain or better. |
That’ll be it for now – I wanted to get this out for you quickly. I know you expected a long-winded story about how many acorns my kid picked up in the yard. Sorry to disappoint.
Hang loose – and talk to you later (you won’t get away from me that easily).
Liz