Sell premium on DVN using a put credit spread due to high implied volatility in oil.

One particular name that we've been continuing to play for the last few weeks is Devon Energy. It recently just broke out above 47 a.5. now that it looks like it's about to break out above 50, that starts to target 53, which is the 52- week high here to the upside.

And so if you were going to think about trading Devon right now, how would you set that up Tony? Yeah, because energy has already risen quite a bit here over the last few weeks.

My preference here from a from a trade structure perspective is to sell premium here, especially since implied volatility in oil remains quite high here. I'm looking at going out to the October 9th, which is a weekly expiration.

I'm looking at selling a 4946 put spread. That's essentially an attheoney put spread here with some with a limited risk protection to the downside by buying that $46 put. earlier today.

You can uh collect a little over a dollar for this $3 wide credit spread, which gives you about a 1.3 1.4 to1 risk-to-reward ratio on on a trade like this, which is the type of um which is a fairly attractive risk-to-reward ratio on a credit spread on an NG name like this.