Options Oracle: 10/11/13


We already have a credit call spread in our position for AAPL but the Bullish Engulfing pattern that showed up today got my attention. Last week we sold the 500/510 call spread in October which means we want the stock to stay below 500 by next Friday. The engulfing pattern is threatening that position so I thought it would be a good idea to sell the November 430/400 put spread to take in a small credit just in case we have to close out of the call spread early. The video will explain more.

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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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