Sunday, November 13, 2011

Some stocks we are eying for Put Options

SPY 126.56 close saw a high of 126.99 and low of 125.79 the stock moved well with moderate volume on friday a lack of news on friday along with Bond markets closed allowed sideways trading with lower volatility , the stock opened at 126-127 range holding gains , what we notice is:

The SPY  at the 200 Day Moving Avg at resistance. Could see a breakout or pull back here keep eye on this one


CSCO 19.01 high of 19.15 this stock has saw close to 4 days of green closing since its announcement of above average earnings, we should see a pull back here as we believe the stock is due for a pull back since earnings

http://stockcharts.com/h-sc/ui?s=CSCO

DIS 36.75 announcement of earnings the stock gapped up pretty big friday we could see a pull back to fill in the big gap at $18 pps :

http://stockcharts.com/h-sc/ui?s=dis

With such volatility we still like Trading Options as a great tool to profit in a highly volatile market. We are seeing TRENDS on stocks where we can trade both Calls and Puts and profit both ways , but we urge members to stay disciplined and trade smartly as Options are still risky and can lead to loss of entire investment

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