“Tony Zhang on Crude Oil Climb, 10-Year Yield & AMD, DVN Options Trades”
Sell premium on DVN using a put credit spread due to high implied volatility in oil.
One particular name that we've been continuing to play for the last few weeks is Devon Energy. It recently just broke out above 47 a.5. now that it looks like it's about to break out above 50, that starts to target 53, which is the 52- week high here to the upside.