This is a highly speculative proposition I am putting out here. Stats below.
READ THIS IN ITS ENTIRETY.
If you were to buy MRO calls out to January 21, this can potentially pay out nicely HOWEVER there is a lot of risk with this trade. Know what you are getting into here… This is NEITHER a TradeAlert! or an Early Buy.. MRO would be a HIGHLY speculative trade and could go against you strongly.. GM
MRO is Marathon Oil Corp.
Market Cap 3.3B
Shares Outstanding 790.4M
0.59
7.13x
$0.20/4.75%
Ex-dividend 02/18/20
2.9
84.33
(% of float 03/31/20) 9.47
I WILL NEVER LET YOU DOWN AND I AM COUNTING ON YOU TO SUPPORT MY WORK. Click/copy paste HERE:https://paypal.me/GregoryMannarino
How to play a position. If you put on a big gain early on with a TradeAlert! you can choose to close half the position pull a profit and ride the other half. You could also choose to close the entire position and lock in a full profit. You can also choose to hold onto it...It’s all about risk tolerance. Moreover, I would suggest buying options which do not expire for several months with just OTM strike prices. The farther out you buy, the less risk.
NOTE: Trading involves financial risk. By signing up/utilizing this service, you agree to hold harmless and indemnify Gregory Mannarino, his associates, partners, etc. without limitation, against any and all losses, damages, liabilities, etc. also without limitation. You understand and agree that there are no guarantees of any kind by using this service, and that you alone are responsible for your own trading decisions and the consequences thereof.
Please trade wisely.
GM
My MRO calls are up 21% so far. Thx GM.
What's your hold timeframe on this Greg?