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[Options Premium] A Shake Out Cleared the Path

November 14, 2022

We've got an oil stock on the doorstep of multi-year highs, a recent shakeout that probably rinsed out the hot-money crowd that came into the stock following their latest earnings report, and implied volatility plumbing new yearly depths.

This sets up an excellent opportunity to take a flyer on a simple long calls trade.

Let's dig in!

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