Trade Alert 12/13/2023

We are buying more shares of OXY today and adding a 1×2 call spread against those shares. We currently own 125 total shares. We are buying 75 more to get us up to 200 shares total. And the 1×2 call spread is effectively a covered call of sorts as we would be “called away” from this 2nd 100 shares if the stock exploded higher. Bought 75 shares of OXY at 56.12 Buy to open:  OXY Jan 19th (monthly) 57.50 strike call (ratio of 1) Sell to open:  OXY Jan 19th (monthly) 62.50 strike call (ratio of 2) Debit:  0.78 Max risk of the 1×2 spread = 0.78 or $78.00 Max reward of the 1×2 spread = 4.22 or $422.00