gary_trades

Potential for September Call Options

NYSE:FTAI   FORTRESS TRANSN & INFRAS INVS LLC
FTAI has been moving up nicely with support and resistance forming at expected Fibonacci levels, add to this we have recently broken above the 200 day moving average. We are now seeing current resistance at $16.85 (level "1" of the 1st wave) however if it breaks through then next target will be around the $18 mark. Dividend distribution in a few days may hinder a break out but instead may offer a buy opportunity on a pull back for $17 September calls at an attractive price.

This is based on my personal opinion and I'm not a registered advisor, please do your own research before investing your own money.

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