Close the Schlumberger Calls for a 260% Gain

November 17, 2022 - 1:11 pm

We bought the SLB Jan 2023 Calls for $3.55 on Oct 3, 2022, and we're closing them today at $12.80 for a gain of 260.6% in about six weeks.

Great return and trade, main reason for the close is the S&P is resisting breaking through the 200 DMA, and there could be some short-term weakness ahead for markets.  We've rallied nicely on SLB, and we're protecting our profits.