Options Oracle: 10/29/15

The Oil Markets are looking more bullish lately and this credit put spread will give us an opportunity to make about 20% in about 7 weeks. If the stock stays over $28 we will make money. The good thing for us is that the gap around $28.50 will act as support. I’ve been tracking gaps for more than 33 years and from what I’ve seen, 80%of the time a stock will reverse direction and go the other way after a gap fills.

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