XLE 1/20/23 90P
the crude oil droped from 130 to 80. energy sector has cycle, it cant stay on the top for a long time. I bought puts on 11/28, it is developing a possible head shoulder pattern on daily chart. My first target is 85.
avg cost is 3.6, covered 40% at 7 (when stock hit 85), rest breakeven, risk free