Options Oracle: 05/21/14

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It’s not often where we see a bullish engulfing pattern as a stock is breaking above the 200-day moving average, which is why I feel so good about this long call position. The short-term target area is close enough for us to capture a profit on these calls and there is enough liquidity in the front month calls to turn this into a spread, should we decide to do that when the time comes.


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AJ Monte

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