Options Oracle: 10/31/13


This is the first time we are trading this stock. I originally wanted to buy leap puts on this company but there weren’t any available, so I went with the April expiration chain. This should still give us enough time to capture a profit without having to worry too much about time erosion. I do not expect to hold on to this position very long. From the looks of the chart it seems like the stock wants to move back to the 20-day moving average. Once this happens, our goal is to close out of this position for a profit and move on to our next trade.

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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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