Halliburton Rescue Mission via Call Selling
+16.80%current return
"I am still trying to fly a rescue mission at the $20 level. Did it last week. Expired worthless. So right now, my cost base is at $30.50. My break even at $27.17. Still planning to bring this down a little bit so that as soon as we pop up here, towards the $27.28 level, we can start selling calls again."
The speaker outlines an actionable options strategy on Halliburton (HAL), noting that after a failed $20-level attempt, the current cost base is $30.50 with a break-even at $27.17. The plan is to lower the cost basis and initiate call selling when HAL reaches approximately $27.28, suggesting a tactical rescue mission trade in anticipation of a rebound.
High ConvictionScore: 8.2
Stock Idea •Daily Stock Market News • 5 months ago