Options Oracle: 07/25/13

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As you can see from today’s candle chart of BIDU, the stock has gapped up but has stopped right at the major resistance level taken from the highs on August 17th, 2012. A credit call spread is a bearish strategy that allows us to take in a cash credit to our account. The most we can make is what we collect on the trade and our max profit is realized when the stock closes below 130 on expiration Friday.


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AJ Monte

About AJ Monte

As a premier trading consultant, AJ is one of the most sought after in his field. He teaches professionals specialized techniques on how to accumulate and protect wealth through innovative market techniques. TheMarke__404+

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