11:45am (EST)

I have a New Trade I want to get into on a stock that has been in a 19-session trading range. Typically, the longer the range lasts, the bigger the breakdown, or breakout, will be.

New Trade!

Marathon Oil (MRO, $26.15, down $0.92)

Buy to Open MRO February 24 puts (MRO230217P00024000, $0.90, up $0.10)

Action: I like these put options at current levels and you can use a Limit Order up to $1.05 to get the best fills. These are the regular MRO February 24 puts that expire on February 17th, 2023.