$Occidental(OXY)$ 


1️⃣ Why am I making this trade now?

Taking a bit of profits off. Been holding this counter for quite some time. Good time to be trading the range nowdays these pasr few months as the oil price fluctuates. Long term value supported by many institutions and they are doing debt reduction. So not selling off all my holdings.

2️⃣ What's my plan from here?

Continue to hold the rest. Sell off at a certain percentage for profits and buy some back durimg lows. Running a sell put at lower strike as well to generate income since i dont mind getting to hold on to koee shares. Would not be selling off all unless it shows a great commdity downturn.

OXY
10-06 03:40
USOccidental
SidePrice | FilledRealized P&L
Sell
Close
58.17
0
+27.50%
Closed
Occidental

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  • glitzii
    ·10-06
    Debt reduction is doing more work here than people think. Around 58 feels fair for trimming the range while the balance sheet keeps getting cleaner
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