Came up with the trade with the group on 15th May.
Initial stop $62.50, depending on price action.
Contract is 80/85 call spread for August 19th Expiry.
Trade notes: Happy with any entry above $65. Energy only sector performing on the day and OXY was hitting new 52wk highs before XLE was.
Execution detail:
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Big drawdowns today. XLE down 2.53%with SPY and QQQ being down 4%+.
We are still above our stop and above our main area of support.