Last week we locked in gains in this oil play, but a new buy alert that has triggered the green light to jump back in.
Here's what we're doing...
Buy-To-Open the Schlumberger Limited (NYSE: SLB) June 18, 2021, $40 call (SLB210618C00040000) up to $0.69 per contract or better, for the day.
Our monitor triggered this new buy alert after a new $5.1 million dollar Hot Money Trade was just placed in the June expiration.
Now, we’re going to manage our risk by setting our profit target at $0.79 and our stop-out price at $0.41 per contract.
Let’s manage our risk before entry and I’ll be keeping you updated every step of the way.
To your wealth, freedom, and options!
Joshua M. Belanger