The US Dollar has taken a beating over the past couple of weeks and as you can see from the candle chart above, the price has reached a key role reversal support level. I’m expecting the stock to bounce back to the 20-day moving average which is why we are buying the long-term Jan 2015 Calls.
Options Oracle: 06/14/13
Posted on June 14, 2013 by AJ Monte in Options Oracles
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