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Options Oracle: 12/13/13

Posted on December 13, 2013 by in Options Oracles

Ruger is right at a key Role Reversal support level right now and it looks as though there is enough of a secondary support level to protect our Credit Put Spread. Our goal is to sell the January 65.50 puts and buy the January 55.50 puts for a credit of $1.20. This will obligate us […]

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Equity Oracle: 12/13/13

Posted on December 13, 2013 by in Equity Oracles

All of the talk of gun control has created bonanza for gun stocks. Smith & Wesson is just one of the stocks that has seen a significant increase in share price over the last couple of years. As you can see from the candle chart above, SWHC has gone up over 30% in the last […]

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Options Oracle: 12/06/13

Posted on December 7, 2013 by in Options Oracles

JDS Uniphase closed this week with a strong green candle supported by higher volume as it bounced off of a key support level. This leaves us with a perfect set up for a long call position in the stock. We’ve chosen the January 2016 options chain for this position. The reason for going so far […]

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Equity Oracle: 12/06/13

Posted on December 6, 2013 by in Equity Oracles

On November 22nd an alert went out to buy Corinthian Colleges (COCO) only if the candle was green. This contingent buy did not go through for us because the candle did not turn green and the stock wound up breaking down below support. This week the stock closed very close to the three-year support level, […]

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