Wednesday, June 18, 2014


Bought this the other day:  $31.41 and paired it with a $30 Septermber Put bought at $1.25  So total Risk thru Sept is $2.69.

Rationale is that its coming up on a big support zone as well as the rising trendline.  Obviously it's been falling as of late, but i think the longer-term pattern holds.

Assuming you can play for $40 or more per share, the risk reward here is excellent. (famous last words)

No comments: