Reddit Posts
BREAKING: We just caught another interesting trade. Senator John Boozman just filed a purchase of stock in the Devon Energy, $DVN . Devon is an oil and gas company. Boozman sits on the Senate Committee on Environment. Screenshot from: Stock Insider App
Sold XOM $149P expiring Friday — IVR hit 100 across the whole energy sector this morning. Gift or tr
Oil price and Producer & operators Ratio (XOM, DVN., DOW, APA etc)
$OLOX Giant Containers Retained to Design, Deliver New Modular Structures for World-Leading EV Company
#OIL In play OLOX -Olenox CEO Michael McLaren. “We are pleased with the progress of our workovers and revitalization in our Wichita field. Production has stabilized and our original target of 70 barrels a day is in clear sight,” McLaren said. “We hope to hit or exceed this target by month’
Devon Energy and Coterra Energy tie-up would create $44 billion shale behemoth
Oil to gold ratio is showing where the puck is going
At what moment do you realize the market increase has broadened out
64% of Herny Kevins portfolio is $DVN, why?!
64% of Hern Kevins portfolio is $DVN, anyone figured out why?
Is anyone here who beat the market (no etf in the portfolio)
NO ETF BUT FOLLOWING COMPANIES FOR NEXT 10 YEARS
Growth stocks for next 10-15 years (no index funds)
I want yo rebalance my portfolio based on new market trends - DATA/PRIVACY-SENSITIVE TECH, RENEWABLE ENERGY + BIOTECH - advice?
3 Retirement Stocks That Are Screaming Buys Right Now
( DVN ) Devon Energy, undervalued , low PE , Pays 8.95% Dividend.
QIND stock could skyrocket in the Next 3 Months.
Earnings Plays for the Week of 5-8-2023
2023-04-27 Wrinkle Brain Plays - In the style of Velma Dinkley
MGY: Golden opp to rake in some Serious dough
2023-04-03 Wrinkle Brain Plays - In the style of Count Dracula
Danavation Technologies (CSE: DVN.CN| OTC: DVNCF)
2023-03-06 Wrinkle-brain Plays (Mathematically derived options plays)
Hot Stocks: UPST, WIRE jump on earnings news; DVN, AKAM fall
Devon Energy drops after Q4 earnings miss; sees 2023 capex above estimates (NYSE:DVN)
2023-02-16 Wrinkle-brain Plays (Mathematically derived options plays)
Option Traders in Major Tickers - Hope this Helps!
Devon Energy Q4 preview: All eyes on cash flows and dividend (NYSE:DVN)
2023-02-08 Wrinkle-brain Plays (Mathematically derived options plays)
Danavation (DVN.CN / DVNCF) announces two more contracts representing approximately CAD$120,000 in up-front revenue + adding to the company’s growing annual recurring revenue base.
2023-02-03 Wrinkle-brain Plays (Mathematically derived options plays)
2023-01-23 Wrinkle-brain Plays (Mathematically derived options plays) DD
Danavation Technologies (DVN.CN) announces five new installations that are expected to generate C$800,000 in one-time revenue, plus add to the Company’s growing recurring revenue base.
Present Value of Stocks/Crypto/PM’s if you bought $1,000 worth a year ago to date.
$TGLO about to EXPLODE- ($5-$20) BULLISH -Reverse Merger +$200M market cap already
$TGLO about to IGNITE- ($5-$20) BULLISH -Reverse Merger +$200M market cap already
Hidden Gem: $TGLO - ($5-$20) BULLISH -Reverse Merger Coming Already $200M market
(DVN) Devon Energy's Q3 Core Profit More Than Doubles Over 2021 Levels
GOOG and DVN Going to blow up next week for sure !!! Both will increase 15-30 percent Don’t miss it . 🦈📈💲
GOOG and DVN Going to blow up next week for sure !!! Both will increase 15-30 percent Don't miss it . 🦈📈💲
Earnings for the Week of August 1, 2022
58.4K to 129.6k over the past year on oil - mix of shares and leaps
Week of 5-16: Most Important Charts to Watch #001
Energy Stocks vs Underlying Commodities
Day trading oil company stocks like DVN, CVX, XOM, SHEL
The Most Anticipated Earnings for the Week of May 2, 2022
Basic thesis: We need energy. Help me from here..
I have been looking at either Devon or Marathon as a potential buy
What are everyone's thoughts if OPEC doesn't help and Putin do what Putin do? $CEI? $XOM? $OXY? $NINE? $DVN? Electric cars? Nuclear? What is the master play here?
$DVN Options Yolo let’s print this morning!! Position below
End of the boom in sight for U.S. shale drillers - WSJ
End of the boom in sight for U.S. shale drillers - WSJ
What under the radar reopening stocks do you like that are never talked about?
What under the radar reopening stocks you like that are never talked about?
It is starting to look very likely that Russia will indeed invade Russia. How to make money off of it.
Danavation Technologies Corporation (CNSX:DVN) Thesis – Disrupting with Digital Smart Labels... $DVN
Danavation Technologies Corporation (CNSX:DVN) Thesis – Disrupting with Digital Smart Labels... $DVN
Danavation Technologies Corporation (CNSX:DVN) Thesis – Disrupting with Digital Smart Labels... $DVN
Danavation Technologies Corporation (CNSX:DVN) Thesis – Disrupting with Digital Smart Labels...
DVN Oil/Gas Autism vs. Electric Vehicle FOMO
Marathon Oil Stock (MRO): It Just Keeps Getting Better
$AGYP - Oil Stocks Benefit From Rising Prices
Who else should've put more on the line? 9 months ago when I started this account I made some calls on NRGU, DVN, GUSH, ERX, FANG, and more. What stocks did you get at the right time?
The state (and future) of oil, an OXY - Occidental Petroleum - trade idea.
The state (and future) of oil, an OXY - Occidental Petroleum - trade idea.
Biden tells Russia to cut down supply to save US oil from collapsing again. Watch these stocks to take off soon, OXY, MRO,DVN and RIG. Finally, Biden agrees to open up negotiations on crude oil.
The triple battle: who’s outperforming this week ?? WMB , DVN or OXY I keep buying these cheap energy stocks. Are you ready to take the train with me before the big banks come in and steal your seat ???
Mentions
Buy CVX, CNQ, EOG, DVN and collect dividends as the world burns.
MTDR, PR much better pure plays than DVN
Ugh, went long on DVN looking at price estimates, not even thinking about the oil volatility, dragged down by oil prices, someone play me a tiny violin.
2-5 per share on energy. DVN up and away all day.
XOM EQT DVN im so serious
# Devon Energy Corporation (DVN) has a bullish setup according to [capitalflowsdata.com](http://capitalflowsdata.com) Price above trend with healthy momentum, good Fundamental Health too
DVN ERB EPD CNQ SU PAA if you can day trade today. all up
$SM SM Energy P/B 1 P/E (FWD) 5.5 Mkt 7.5B $MTDR Matador Res P/B 1.2 P/E (FWD) 9.38 Mkt 7.19B $CHRD Chord Energy P/B 1 P/E (FWD) 8.18 Mkt 8B $XOM Exxon Mobil P/B 2.4 P/E (FWD) 13.78 Mkt 633.2B $DVN Devon Energy P/B 1.9 P/E (FWD) 8.13 Mkt 29.36B I confess, my choice goes to SM Energy for its ultra-rigorous management, low P/B, buyback in place, 100% production on US soil, therefore without maritime transport costs, well-controlled CAPEX, hedge contracts around 50%... and a nice J.P. Morgan buy target at $40
I got some gains on SU CNQ DVN. Knew that sheet was gonna go back up after oil dipped, the strait, ☮️ talks and whatever else was lied about.
Bought EPD ENB DVN. There's another HPK cheapie. Maybe a gamble on that one. oil go bigly Brrr this summer. Yay for us!
All my stocks are missing on this pink sheet. OXY, DVN, CF
Look at DVN too then if those interest you. Super well run cash flow machine
# Energy (4 stocks)Equal-weight: +31.65% |Ticker|Name|Dec 22, 2025|Apr 28, 2026|% Change|JPM Target| |:-|:-|:-|:-|:-|:-| |**DVN**|Devon Energy|$36.24|$48.20|\+33.00%|$44.00| |**SLB**|SLB|$38.11|$55.23|\+44.94%|$43.00| |**WMB**|The Williams Companies, Inc.|$58.50|$71.61|\+22.41%|$73.00| |**XOM**|Exxon Mobil Corp|$117.37|$148.19|\+26.26%|$124.00| |**Category Average**|—|—|**+31.65%**|—|
# Energy |**Ticker**|**Dec 22, 2025 Price**|**Apr 28, 2026 Price**|**% Change**| |:-|:-|:-|:-| |**DVN**|$42.15|$48.28|\+14.54%| |**ETR**|$108.40|$122.50|\+13.01%| |**GEV**|$653.57|$1,118.98|\+71.21%| |**SLB**|$52.40|$58.10|\+10.88%| |**WMB**|$45.30|$52.15|\+15.12%| |**XOM**|$119.54|$148.81|\+24.49%| |**Category Average**|||**+24.87%**|
Any companies that have a majority of their gas in North America to start. A few Canadian oil sands, American Shale, and any Texas oil companies. DVN, CNQ, EOG, FANG, and SU.
No DVN, OXY or XLE?
I just bought $XLE today instead of buying energy names I've bought in the past like $HAL or $OXY. Energy ETF's are easier to trade & buy and hold than the individual stock names. I will say if you look at the 5 year chart for $DVN you could make a very good case that this is a support level to BTD.
Now that we're basically back at records across the board (the Dow slightly off its record), I do have one regret that is a little out there. I should've dumped my DVN bag from 2022 when it was the lightest it's been in a while.
Theoretically you're still correct, but I got stopped out of DVN and I'm hesitant to buy back in because this is fucking Clown World and nothing makes sense anymore.
that is why i bought more DVN this morning. like clockwork, the one thing you can count on from the US is lies.
Trump's post yesterday was so unhinged that I didn't even buy more DVN today. I don't care what oil goes to, I'm sitting this motherfucker out right now.
For pure gas plays I tend to invest in quality leaders like EQT. They are not cheap tho unfortunately. If you want an underdog have a look at Harbour Energy Plc, great gas assets in NorthSea and super low lifting costs in the british/norwegian coast shelf. They recently acquired longlife oil assets from LLOG in the Gulf of Mexico so they have assets in multiple markets opening arbitrage options. FCF will be insane. Coterra is a nice mixed play in my opinion. They will merge with Devon and have a decent amount of gas in their future portfolio. Long term LNG deals with UK linked to TTF pricing. Personally i hold CVX, DVN, EOG and OXY.
Devon Energy (DVN) is less vulnerable.
I sold a week after it started. I'm still holding INTC but bought oil like DVN and my DOW is finally even. I also dumped gold miners but still hold GLD. Planning to buy PSLV later. Miners are not profitable if oil hits 200. It's better to hold the raw material instead.
Full ported today: OXY, BP, SHEL, PBR, DVN, VG, NEXT, BATL, TALO
No, As a long time owner of DVN shares I can say its not 1:1.
SU, NBR, DVN, PBR, ANNA (lotto)
Yeah, been in XOM and DVN for a while, feels weird seeing green candles in this market for once. Just gotta remember oil rips both ways though. Enjoy the gains but don’t marry it, this thing can turn on a headline or OPEC sneeze.
DVN keeps hitting ATHs so I’ve been averaging in
I bought last week sept $52.5 calls in DVN and sept $160 calls in EOG! It feels GREAT making money while others are losing. Look at how these oil stocks ran during oil price spike due to Russia invasion of Ukraine. They move slow but up!
DVN and CNQ have been good
To soothe my itch involving my DVN bag, I just sold some CCs and I'm thinking that if I get called, well, I get called. If some of the stuff we're seeing today continues, I think we've already moved on from energy spike fears to some sort of recession fears. There is an analog from the 90s that then suggests that if a recession is called, that would be where the market has bottomed.
Exxon would actually be far from my top choice if I was betting on war in Iran. A lot of their Middle East production has been shut down just like everyone else's. It would be much better to invest in an oil company with less exposure to the Middle East. PBR, FANG, DVN and EOG all come to mind. I haven't checked, but I'll bet they're all outperforming Exxon since traffic through Hormuz shut down.
Currently down 2.76% berkshire and sgov are top holdings followed by VOO. I had a decent portion of DOW, DVN, MRNA that I have been cashing out on since nearly all 3 of those have doubled my money within the past couple months.
When don was like, "Oil is going to plummet!" I bought another 1K shares of DVN lol
I like PR. They have shit acreage but as an M&A target, not bad. I like DVN since they announced the CTRA merger. Beautifully timed with these events.
my play is: PR, EQT, DVN, and FANG. EQT is purely natural gas, the others are just oil oil oil e.g. upstream extreme exposure to the long term price of oil. Mid sized means risk reward.
At the very worst, the overall market year is going to prob be a mishmash of 18 and 22 imo. As of now though, I see no shot of downside getting as bad as '22 though, because we're just moving too slowly and while there's a breaking point there, US bigs can handle higher rates better than 22 to an extent. (and like it or not, but the third reason is that Trump seems to have the green thumb of avoiding major consequences domestically, and I do mean domestically, doesn't mean major consequences are unavoidable overseas though and with Asia) US Oil has probably topped and honestly with the barking I've seen there, I may get an itchy trigger finger and unload my DVN bag from 2022, and then continue to probably wait... (do have a stock order here and there that's out there)
Early is the same as wrong. I loaded up on DVN, EOG, PR, and COP right after Israel started flattening Gaza in 2023. Watched them do fuck all while the AI trade went to Pluto and dumped them last year. I belong here.
You're right, I should have done tldr. Basically yes, the U.S. and Canadian oil producers. I mentioned four in my post, EOG, SM, FANG, DVN, but the really big players will be worthwhile too, XOM, COP. We saw this in the 1970s. Even as the rest of the market goes to hell, these guys will be raining money.
i bought 1K shares of DVN today. T's 'good news' did fuck all. about to buy another 1K.
Prediction: Nat gas up 3%, DVN down 1.5%.
I did, but it was only a little in a clean up operation. Now I'm not certain if whether I should make more purchases (and get rid of my DVN bag from 2022) or just sit still for now.
CRGY, SM, DVN. Oil independent producers will start to move quicker than the majors.
Spicy It should go up based on size premium alone (similar to DVN with CTRA deal) Not sure why it wasnt getting more love Maybe some merger overhang / arb capping price < averaged up from 17-19 and bought some 30 dec calls
The play is UCO, oil is up, probably will stay up until it is clear to transport again. Also, domestic oil & gas producers, like DVN, and now Fertilizers. Except, largest producer of potash fert. are up in Canada. Our former best trading partners. So they screwed that up too. So much winning....
DVN plummented a short while ago I just bought another 1,000 shares. selling CSP to either profit or load up and making money on the way. There is NO WAY this ends like they're telling us. "Two weeks to flatten the curve."
The US government can remain irrational longer than Iran can stay intact. Tomorrow is the day to go all-in on US stocks (like DVN and RRC).
We export most of our oil (shale makes gasoline. Its light.) Europe and India and China need the heavy oil, which we get most from Canadian Tar Sands, and Venezuela i guess.. the US and Canadian prosucers are ripe for short term market domination. CTRA/DVN FANG PR CVX XOM
do puts on american airlines count? i had calls on DVN but sold since it didn’t seem very sensitive to oil prices
The Hormuz angle is the one that matters most going into Monday and isn't getting enough attention yet. Oil majors and top trading houses have already quietly suspended crude shipments through the Strait. Four trading sources told Reuters. No press release -- they just stopped scheduling voyages. That's the signal, not the headlines. The mechanism: Hormuz doesn't need to be physically blocked. Ships stop moving when war-risk underwriters step away. Lloyd's syndicates pulling coverage makes voyages uneconomical regardless of what the water looks like. We saw this exact dynamic in the Red Sea for 4 months in 2024 -- no ships were sunk but freight rerouted around Africa anyway because insurance disappeared. For Monday specifically: \*\*Energy longs:\*\* XLE +4-8% base case, OXY/DVN +6-12% on higher operational leverage. These open gap up and hold if AIS transit data stays suppressed. \*\*Avoid chasing airlines short:\*\* DAL/UAL will already be down 4-8% at open on jet fuel math. Position is crowded by 9:31am. The relative value trade (long XLE / short XLY) is cleaner. \*\*VIX:\*\* +20-40% on the binary outcome uncertainty. Consider 60-90 day call spreads for convexity rather than spot VIX. \*\*The key data to watch -- not headlines:\*\* AIS tanker transit counts through Hormuz (baseline \~20-22 laden tankers/day) and war-risk insurance quotes. If transits normalize within 3-5 days, oil gives back half the spike. If they stay suppressed into week 2, revise up everything. Running full scenario models with probability breakdowns at [geopulselabs.com](http://geopulselabs.com) for anyone who wants the full causal chain and sector impacts.
I own DVN Devon Energy and have for a while. They are really well run and share holder friendly with a good fixed dividend and a variable dividend on top of that if they get a windfall. They have great cash flow and pay down debt. They also have a 5 Billion dollar buyback in place and have already bought back 14% of outstanding. The recent all stock purchase of Coterra creates one of the biggest Permian shale plays out there. With a roughly 50/50 liquids to nat gas split they have the data center utility wind at their backs.
I love some LMT when things heat up. I’ve been in oil the last few months anticipating operations in Venezuela and Greenland. Doesn’t look like we’re actually gonna take either by force. DVN is a good ticker if you want 10 bagger potential
alright, jokes aside, from what I can tell there is an obvious rotation into oil happening right now. In particular, Devon Energy (DVN) has broken trend and looks very appetizing at the moment. Can't say if this will last, but my bet is on DVN cleanly breaching $50 within the next three months and holding.
Got calls on DVN, OXY, and CVX. Own MUR in my 401k. At some point this is going to revert, but until then, Texas tea.
rotation into oil is happening in real time. should have held my DVN stock. boring boomer shit is about to be very interesting again.
you guys really need to find other stocks to bet on even though half my stocks were down 10-20 percent today im up like 7k because of my options on FAST PCG DVN KMX SLB APOG gotta love low IV stocks their options are dirt cheap and many have just monthly contracts giving you plenty of time for recovery case in point look at KMX i had 47.5 calls since after earnings that were down huge yesterday now im ATM with over 2 weeks left til expiration
DVN has been a great oil ETF for me. IDK about tracking spot price or whatever.
For the record, I don't think you're wrong. But strong predictions like that tend to interest me and I want to check up on folks who might actually be paying attention. I've been watching DVN and even OXY on a breakout and see a massive sector rotation happening right now. Good luck.
I appreciate the insight. Been a fan of DVN, but will add this to the list.
Thinking about and longer dated oil related calls OXY DVN for example
I checked some of the stocks you have mentioned in your other threads. For example DVN (30-jan-2026 puts). This moved based on news today itself. moved very closed to strike. Does the tool take into account what's happening/has happened/upcoming catalysts before expiry date ? I am pondering over subscribing but have questions like these. Would love to know! Thanks!
Holy shit DVN calls bout to print 🚀 This merger gonna send both stocks to the moon, time to YOLO the kids college fund
you guys should really start looking at after hours volume short quantum except CCCX vix calls: VXX short crypto: ethd & mstz long oil and nat gas stocks: VG DVN UCO short semis: SOXS buy china: KWEB MCHI CPNG
$MOS, $NTR, $CF, $HAL, $OXY, $DVN, $APA, all up +3%. If you don't own a position in some of the commodity stocks, you are making the same mistake as those that weren't buying Gold before 2024. We are seeing a similar market rotation out of tech into commodities as we saw in 2022.
It’s a mixed bag though, other producers like EXE, BP, DVN, and SHEL are down around 5% today Even XOM is barely up despite the news being incredibly positive for them
yeah I was scratching my noggin on Fri wondering why the OXY, DVN and other oil stonks went up even though oil price went down. guess that was it. and believe you me, energy prices will keep going up. they have been low for too long given what is going on.
Bought 1K shares of DVN last trading session. I see this as well. Good luck. I'm buying 1K shares of OXY in a week or so. Cheers.
Buying beat down oil cos was my first foray into individual stocks. I was buying penny stocks like CPE and CDEV and watching the wild swings of 10-20% both up and down.... but mostly down. Many small cos were on the brink of bk, some did go bk (Oasis). I was way down on those positions but held tight and bought OXY and DVN among others when they were CHEAP. You have to be able to stomach the volatility if you're gonna do OG. Low prices haven't even started yet... there is still storage available on vlccs and on land. Once that fills up, the bottom will fall out. Watch storage levels, Cushing is a good proxy for NA storage. This is not investment advice, just a story.
\+1 on QS. Also DVN, OXY and any oil stock really.
its hilarious how bad this entire sub is at trading because they refuse to buy anything else but tech ive been green all day half my port is green half is red and the ones that are gainers are outpacing my losses CMG up 5 DVN up 5 OXY up 5 PCG up 3 CMCSA up 2 XOM up 2 NCLH up 2 my fucking CMG calls are up almost 400 percent themselves you guys just dont know how to pick stocks you only buy what is hyped and already up so much
DVN Jan 40c look at the volume
Thanks. I'd give you multiple upvotes if I could. If I do decide on investing in this area, it would be a small investment, similar to what I have done with precious metals and copper producers. Those investments have turned out well. Though a couple crashed and burned (VITFF for example), most have doubled or more. I have already taken more than my original investment amount off the table, and the remainder is still larger than my original investment. I have a small position in one of the producers, DVN, which I bought near it's low for the year. The drilling contractor that I am most considering is PTEN. They have positive cash flow, pay a good dividend, and have relatively low debt compared to the others.
KEY DVN APOG SLB KDP almost every div stock i have options on has been printing sell before ex div and buy back the day after
I learned not to barrel into stocks that had a headline but that I knew little about. I learned to be patient and follow a stock for awhile before acting - I watched ASML for a couple of years before finally starting to buy early this year, for example. I like low debt, ROIC, cash flow, a good moat, actual profits. On the other hand I've hung onto dogs like DVN for too long. Will the reinvesting dividends and waiting for someone to buy them for their valuable assets eventually work? We'll see. Thank God I own alot of index etf's also.
Why not some US pure Shale producer like DVN, APA, SM, OVV, EOG ?
Haha yea, I own both stocks. Wrote puts on DVN with sub 30 strikes few months back and recently exited them at profits. If they drop back to 32 or below, I may start writing again 📝
Buy DVN! Balance sheet is sturdy: ~$30.5B total assets vs ~$15.8B total liabilities (equity ~$14.7B), ~$1.2B cash/short-term investments, and moderate leverage (~0.61 debt-to-equity). That gives DVN flexibility and downside cushion. If policy shifts toward onshoring critical minerals/“energy independence” (per Trump posts), mining and infrastructure are energy-hungry—near-term that leans on oil & gas. Solid balance sheet + potential policy-driven demand = favorable risk/reward; let your TA confirm the entry.
I like ENPH and DVN. Both listed to jump IMO.
DVN is good, will eat up a bit of your money but has been pretty stable. F is stable but low returns. I just started trading PL this week. They should be good for a while. Good luck!
Why are you holding on to DVN out of all the oil and gas stocks ?
Just bought Oxy, EC, SJT, PBT, PBR, DVN, oil is going places we’re already in recession prices
OXY DVN COP (i specifically meant oil and gas when I said energy), some people posting clean energy unprofitable crap.
Natural gas might be one. The US Energy Information Administration predicts LNG exports will boost prices significantly in 2026. >The U.S. Energy Information Administration (EIA) forecasts that the annual average Henry Hub natural gas spot price will reach approximately $4.90/MMBtu in 2026, up from $4.00/MMBtu in 2025 and $2.20/MMBtu in 2024. Investors often conflate natural gas with oil...but they are often different. Oil is now 3x natural gas...when at times in history it has only be 1x more valuable. An investment I like is DVN. They are labeled as an oil company, but they are majority natural gas. They have a new CEO in place that is doing a good job of using technology to minimize capex and production. If natural gas prices really do go up in 2026 as forecasted, I think they could benefit (granted many of these gas company sign contracts in advance so high prices usually benefit down the road contracts).
My best performing oil stock is BP Which is near 52week high. 2nd following is Shell All my oil stocks are breaking Refunery like psx cop vlo is doing excellent DVN HAL are near breaking Buy them if you want oil exposure
Yes, it does look that way. But DVN is up only 7.42%YTD, and down 19.72% over the past 1 year, it doesn't appear to be a fast-moving stock. Plus, it pays a dividend, and when these large cap stocks pay a dividend, they usually don't climb very fast. DVN's $22.32B in market cap is comforting, because it tells you that rug-pulls are very unlikely to happen to it, but a dividend-paying large-cap stock isn't likely to give you fast capital growth. At the same time, yes I totally agree that in the chart it looks like it's breaking out, and I'm grateful that you shared it with me. I come in peace, and I'd like to thank you. By the way, are there any other reasons why you feel DVN may break out? Any legislation in the works, or other reasons?
Best performing SP500 stock last 10 years: 2025: PLTR +149% (present) 2024: PLTR +341% 2023: COIN +377% 2022: OXY +119% 2021: DVN +196% 2020: TSLA +743% 2019: AMD +151% 2018: AMD +80% 2017: ALGN +132% 2016: $AMD +310% 2015: $NFLX +135%
i'll give you an example. i own several hundred shares of DVN & OXY at an average cost basis 20% above the current price. calls at my cost basis are trading for pennies. The closest strike that is juicy enough to trade is basically at the money. so what do I do? i'm holding this position. will increase this position at certain price points (short puts), and do not want to sell at current prices to incur the loss (short calls). i ask myself some questions: do I need the capital right now? no do I want to exit for a loss? no has my bias changed? no is there an opportunity in short premium against the position at an entry/exit point? no right now I am in limbo, and being patient. as soon as the price moves towards an entry or an exit, AND the option is juicy enough to sell.. I jump on that ASAP (through platform alerts or GTCs). if something happens that changes my bias or one of the questions i've asked as part of my trading plan, then I reassess. other positions where I may not have a strong bias or need the capital for other more interesting trades, I sell that ATM call or just close the whole position. decide if you have soured on the position. i've cut positions before simply because I was annoyed at seeing them in my account.
Agreed, I'm heavily in: CDE, NEM, BTU, LTBR, UUUU, DVN (not the greatest atm) and RIO