$CNX has been pummeled down 40% in two weeks after earnings and we are given a low risk long entry here at trend line support. $CNX has no insider sales in over a year and is owned by many smart investors such as David Einhorn, Ray Dalio, Isreal Englander, Mario Gabelli and Southeastern Asset Management. I suspect we see these investors start to rattle the cage to...
Hello all. Another CNX oppurtuinty for those of you who missed the first one. The weekly TF pulse has fired long again. Possible entries are
1. at 21 EMA (half a position)
2. at previous highs (around 15.9 - 16)
SL can be set below previous lows at around 13.
With heavy insider selling & formation of Double top, CNX looks very good SHORT opportunity.
We are looking to get in current price around 13.5 with a Target of 9
On the Option side buy Jul16, 12 Put at $0.62 is very good with huge volume
for longer term looking for Oct16, 11 Put currently trading at $1.25
I see an opurtunity for loading in CNX since it has obviousl started its pullback. I broke the trendline and it is facing several supports (50 and 200 SMA and two previous highs). Each of them should be considered as long entry point.
CNX has been totally hammered and with an IVR of 100 and an IV of 119, I can't resist a play.
100 Shares CNX at 6.61
1 Jan 15 7 short call
Total Package: 6.00 debit ($600)
Max Profit: (If Called Away at 7 -- $100, excluding fees/commissions).