WE BOUGHT THIS ONE @ $131.20 ON FRIDAY'S GAP DOWN AND WERE VERY PLEASED WITH THE CLOSE NEAR THE HIGHS. THIS MORNING'S RUN WAS MORE THAN IMPRESSIVE AND ALTHOUGH I STILL LIKE THE TRADE I ALSO KNOW EXCESSIVE WHEN I SEE IT, SO I SOLD THE 3/145 CALLS @ $2.25. IF I LOSE THE STOCK @ $147.25 VS 131.20 THAT'S FINE BUT RIGHT NOW THOSE CALLS ARE BACK TO $1.40 BID....OZ
BOUGHT THIS "DEFENSIVE NAME @ $131.20 THIS MORNING ON THE BREAK THRU THE LOWER BOLLINGER BAND. THE OPTIONS HAD NO LIQUIDITY SO HAD NO CHOICE. IT WAS DOWN WITH MANY OF THE "CONSUMER/FOOD" STOCK ON THE KRAFT/ UL DEAL AND I'VE TRADED THIS ONE BEFORE.WELL SUPPORTED FROM HERE DOWN TO 127-128. BEPATIENT, BUT DON'T BE SURPRISED IF IT GAPS BACK UP WITH A CLOSE NEAR THE...
Here you may trade according to the principle of "fire and forget". "Deadly cross" signaled the beginning of a bearish trend. EMA 50 can use like stop line.
