Selling our CVX call contracts.
Oil prices are pulling back as economists worry about the potential for a recession. CVX has now broken a key support level.
We’ll keep the name on our watch list, but today it makes sense to close out the play to manage risk and free up cash for other plays.
- Selling (to close) our CVX August 19th $130 Calls
- Limit $8.50 or more
- 9:54 Executed
- Sold 6 CVX August 19th $130 Calls @ $9.50