Call Options on NOG on 10/11/2021

Northern Oil and Gas, Inc. (NOG), an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the United States. 

The company primarily holds interests in the Bakken and Three Forks formations in the Williston Basin of North Dakota and Montana.

As of December 31, 2020, it owned working interests in 6,640 gross producing wells; and had proved reserves of 122,632 million barrels of oil equivalent.

Shares are in the process of moving higher out of their bullish "cup and handle" as oil prices continue to rise. Higher share prices are expectd.

We will be trading November Call Options

Last Trade: $26.00

Trading Range: $3.345 to $26.02

Trade Buy 1 November $25.00 Call at $2.70 For a net debit of $2.70 Profit/Loss Analysis Breakeven at $27.70 Maximum profit is unbounded Maximum loss is ($270.00) at strike of $25.00 Closing Summary Sold 1 November $25.00 Call at $2.75

Position closed on 12/7/2021 at price of $2.75 with a 1.85% gain in 57 days.

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