My first target for the year just hit on OXY, my setup is 70$ calls in Jan. I plan on holding these longer since the oil reversal was so strong. My next target is 73.5$ which was my hopeful target for the year, but at this rate OXY could hit 80 plus dollars. This slow accumulation and dip into demand over and over is what caused this move, this alongside the oil reversal.
-I plan on holding my Jan calls until deep ITM if possible, I will definitely sell the contracts in the winter.
-I plan on holding my Jan calls until deep ITM if possible, I will definitely sell the contracts in the winter.