Call Options on GLNG on 4/11/2022

Golar LNG (GLNG) Limited provides infrastructure for the liquefaction, transportation, and regasification of LNG. 

It operates through Shipping, FLNG, and Power segments.

The company engages in the acquisition, ownership, operation, and chartering of LNG carriers, Floating Liquefaction Natural Gas Vessel (FLNG), and floating storage regasification units (FSRUs), as well as operates external vessels.

As of April 16, 2021, it operated ten LNG carriers, one FSRU, and two FLNGs. Shares have formed a bullish "cup and handle" as LNG prices soar due to the war in Ukraine. We expect higher share prices for this stock.

We will be trading May 20th Options

Entry Point: $24.60

Trading Range: $9.26 to $26.23

Trade Buy 1 May $22.50 Call at $3.25 For a net debit of $3.25 Profit/Loss Analysis Breakeven at $25.75 Maximum profit is unbounded Maximum loss is ($325.00) at strike of $22.00 Closing Summary Sold 1 May $22.50 Call at $3.00

Position closed on 5/19/2022 at price of $3.00 with a -7.69% loss in 38 days.

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