TNP - Oil Tanker Recovery in 2021 -2022?- Bullish DivergenceCovid 19 has put blood on the streets of the oil tanker sector. There is RSI bullish divergence on the weekly time frame. Idea to take a longterm position here and sell cover calls outside the money 30-45 days out. If you get called out no big deal and great trade. If not collect income with the calls until your stock gets called. The more the calls are out of the money the bigger the risk.
Volatile sector and decent risk reward here with TNP having a solid sustainable financial position to endure a market cycle and the pandemic. I will bet my money.
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