Flash Buy: Buffett’s Bet Looking To Sink Lower!

March 30, 2020

We have a new Hot Money signal that just triggered.

Broad markets are rallying, but our signal is showing more weakness to come into the oil sector.

  • Buy-to-open the Occidental Petroleum Corp. (NYSE: OXY) May 15, 2020, $7.5 put (OXY200515P00007500) up to $1.30 per contract or better, for the day.

If shares of Occidental Petroleum Corp. (NYSE: OXY) sink lower as our Hot Money signal is suggesting in the coming days.

Our put options contract would quickly increase into a double or triple-digit gain!

Here's what we're doing...

Action to Take:

  • In your brokerage account, locate the OXY May 15, 2020, $7.5 put:
  • The symbol is OXY200515P00007500.
  • Search for options under the stock ticker: OXY.
  • Make sure you choose the right options expiration (expiring on May 15, 2020).
  • Choose the $7.5 strike price.
  • Select "put" options. Select how many contracts to buy.
  • Once you have the right contract, click "buy to open."
  • Choose "limit order." (This sets the max price you'll pay per contract).
  • Use a limit of $1.30 per contract.
  • Click "Day" for TIF (Time In Force).
  • Then click "buy" to transmit the order.

You can also call your broker and say, "I want to buy to open OXY May 15, 2020, $7.5 put with a $1.30 limit or better; for the day."





Joshua M. Belanger
Joshua Belanger is founder of CounterVest and the editor of Hot Money Trader. He has been providing ordinary investors blockbuster returns since 2008. In 2018, the average return of Hot Money Trader beat the markets by over 15%