This is where this baby is headed!IMHO
If you believe this, I take it that you're selling boatloads of deep in the money naked calls.
You might be right.
Some folks calling for another $20 drop in crude. If that happens NOV will surely brake $60.
It won't take a $20 drop in crude to break $60. I doubt that crude will fall by that much. Instead, we might see crude recover to low or mid 90s by Memorial day.
possible if crude continues its slide, though unlikely ... let's see the earnings