$OXY - The Berkshire Put

Uncle Warren Steps In...Again

Credit where it’s due, I read about this one earlier this year, and it’s provided great tactical trading opportunities. Berkshire has been acquiring OXY 0.00%↑ for awhile, and this great chart below cites each time they’ve stepped in to add. When an institution such as Berkshire is effectively putting a floor in in a stock, it’s worth taking note. I’m playing option strategies that are bullish as long as the stock is above $55, which represents a suitable risk tolerance for me.

Most recent buys..