Trade ALERTS – UNFI* / OXY* – 10/12/2021

The Next Profit Accelerator Trades Are Ready:

SYMBOL: UNFI*
BUY PUT (or SHORT stock if you prefer below $44.40)
STRIKE: 45
EXPIRATION: NOV 19
ENTRY: PRICE RANGE: $2.95 or Better
TARGET: $5.50
STOP: $1.95

*UNFI broke below the 10 ema today. If the stock remains below the moving average a bearish entry will trigger.

SYMBOL: OXY*
BUY CALL (or stock if you prefer if the stock trades above $32.50)
STRIKE: 31
EXPIRATION: NOV 19
ENTRY: PRICE RANGE: $3 or Better
TARGET: $5
STOP: $2.50

*OXY is in an uptrend and pulling back to the 10 ema. If the stock bounces from here the entry will trigger. OXY announces earnings on Thursday November 4th. The safest play is to exit the trade before earnings are released to avoid the overnight risk of gaps.

NOTE: Keep in mind the markets are volatile and news driven these days and we are at the start of earnings season (check the earnings calendar before entering trades). Consider smaller positions with clear and reasonable stops for your portfolio. Also, take consider taking profits when stocks approach resistance levels.

*Keep in mind, these are not hard stop rules. You can always chose to exit trades early or stay in trades longer.