What I Am Buying Today.

[fenders53]

(02-08-2022, 11:22 AM)stockguru Wrote:

(02-08-2022, 11:15 AM)fenders53 Wrote:

(02-08-2022, 11:10 AM)stockguru Wrote: Who's adding oil today on the decline?

I added some BP, DVN and DG

Sold several EOG puts.

At what price are you looking to get into EOG?

I already own shares so I have been selling puts about 5% under the money for awhile now.  I have a 110,108 and a 105 open currently.  Premiums are good so I don't care if they exercise or not.  I loaded up on oil MUCH lower so trying not to chase.  I have little doubt oil is higher by summer but it got ahead of itself for now IMO.  Maybe it's safe to just buy at these prices but I've got in trouble doing that in oil before.