Options Oracle: 03/27/14

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The Coca Cola Company is looking a little bullish here as the stock closed with a Bullish Engulfing Pattern. Today’s high was right at the breakout point but the engulfing pattern tells us the buyers may be ready to rally the stock. Our goal is to buy the Jan 2016 33 Calls and hold them until the stock reaches its resistance target level.


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AJ Monte

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