Options Oracle: 06/12/14


On May 9th an alert went out to buy the January 32 calls for 7.75. From there, the stock broke out of the near team resistance area, retested the newly established role-reversal, and rallied to our target price. The stock moved up as planned, but the price of the calls did not move all that much. The good news is that we are still up about 5% on the trade so it’s not a loss.

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