Call Options on DO on 1/23/2023
Diamond Offshore Drilling, Inc. (DO) provides contract drilling services to the energy industry worldwide. 
As of December 31, 2021, the company operated a fleet of 12 offshore drilling rigs, including four drillships and eight semisubmersible rigs.
It serves independent oil and gas companies, and government-owned oil companies.
On November 6th,DO reported Quarter September 2022 earnings of $0.05 per share on revenue of $226.1 million. Next report is on February 6th.
Shares have formed a bullish 'cup and handle" and higher share prices are expected.
Entry Point: $11.88
Trading Range: $5.17 to 12.09
Trade
- Buy 1 February $11.00 Call at $1.10
- For a net debit of $1.10
Profit/Loss Analysis
- Breakeven at $12.10
- Maximum profit is unbounded
- Maximum loss is ($110.00) at strike of $11.00
Closing Summary
- Sold 1 February $11.00 Call at $1.60
|
|
Position closed on 2/14/2023 at price of $1.60 with a 45.45% gain in 22 days.
Updates
2/14/2023 2:17:13 PM
DO call options closed at $1.60
