Options Oracle: 05/21/14


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.

To gain access to the PDF download and video, sign up for an Options Oracle Subscription!
AJ Monte

No comments yet.

Leave a Reply