Post by
deepblue on Feb 01, 2022 10:58am
Could test new highs
Today. Trading very strong with good volume
Comment by
Margin321 on Feb 01, 2022 12:06pm
Nice to move above 40 and we really should keep going and have new highs related to the March 2020 lows. I am just about at a ten bagger on the average price of shares I bought that month. But OVV was at $105 on June 16, 2014. That is going to take a while. Still it could happen over next few years.
Comment by
scopenose on Feb 01, 2022 6:17pm
Holding above $40 may lead to Delta hedging and help push above newer highs(Feb open int 4K@$40}
Comment by
Margin321 on Feb 01, 2022 7:51pm
Delta hedging is complicated - like bitcoin I don't quite understand it and it gives me a headache. But it is interesting idea and may be a way to capture some of the upside they seemingly had capped. But just don't get too cute because they seem to have overplayed it a little already. And it is possible to get it wrong in both directions.