OXY Trade on May 16, 2022 11:31 from jamesjohn_options: Tradervue User Stock Trades.

Came up with the trade with the group on 15th May.

Initial stop $62.50, depending on price action.

Contract is 80/85 call spread for August 19th Expiry.

Trade notes: Happy with any entry above $65. Energy only sector performing on the day and OXY was hitting new 52wk highs before XLE was.


Execution detail:

Date/time Symbol Side Price Position
2022-05-16 11:31:48 AUG19 22 80 CALL buy $4.500 long
2022-05-16 11:32:59 AUG19 22 85 CALL sell $3.370 short


Comments

2022-05-18 16:03:17
 

Big drawdowns today. XLE down 2.53%with SPY and QQQ being down 4%+.

We are still above our stop and above our main area of support.

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