Options Oracle: 08/07/13


Broadcom Corp. gapped down three times in the month of July with the most recent gap identified as the exhaustion gap. An exhaustion gap signals the end of a move. These types of gaps are associated with a straight-line advance or decline. In this case it shows up at the end of a straight-line sell off in the price of the stock. Our goal is to buy the January 2015 20 Calls for 7.75 and hold this position until the stock makes a move to recover some of the gap.

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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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