Sons And Daughters Of BBCMF [BIRTH OF DIGITAL CURRENCY & BITCOINS]

[mick]

Chevron Corporation (NYSE: CVX): Sometimes the old ways can be the best ways. Oil seems pretty old, right? Heck, when I first got out of school, I worked in the oil business. It MUST be old.

With great patterns setting up in the big integrated companies, we were on the lookout for those that were ready to break higher and make us money in the near term. CVX rallied from February to mid-March, came back to set up a seven-week base along the 50-day MA and was starting to move higher.

On April 28, CVX broke higher off of the 50-day MA. So, we bought June $105 call options for $3.90. After paying multiples of that figure for tech stock options, this was pleasant. The overall price was low, as was the historical volatility. As a result, we had a better probability of making very good money going into the play.

CVX gapped higher during the next session and then gapped lower on April 30. Since it held its support, we left it alone during that session. Sure enough, that was a one-session dip. Then, CVX gapped back upside and rallied during each session into Monday,