$FLR setup looks ripe for the picking. Can pick up July 19 C32 .5 for less than 50 bucks apiece right now. Has retested and held above inner resistance breakout, and indicators are pointed in the right direction. Also just experienced a 9x volume day last week. Picking up a few call options tomorrow myself GLTA!
In July 19th C32.5 at .45.
Up 67% to date.
Last trade at .90, 100% gain from opening. Still plenty of room to run and time to do it in.
Price of options given at $1.70 now from .45.
Trade closed manually:
Closed trade when FLR hit $34 on 7/1, sold original July 19th C32.5 for $2.75 from $0.45. Trade net profit of 610%, or $230. Hope you rode it with me. Happy hunting!
Sometimes you need to look at the Company and how they are under performing. Major shake up new old CEO going to take some time to change the direction of this falling Knife. 60% drop in less than a year looks like it has further to fall if you have any idea of how they are failing in the Middle East Projects. Just my thoughts.
@wddbtk, you would be correct for an investor. As noted in the updates however, this trade was for short term options gains, and went exactly according to plan. In fact, actually saw much more gains than planned. So, while I don't disagree with your comment, please note this was a short term options trade, not an investment. Good luck to you.