Options Oracle: 11/29/12

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This ETF, like a large number of stocks, is showing a clear bullish engulfing pattern near a role-reversal support line. The January calls are fairly inexpensive at $6.20. We will have to wait and see what happens with the price movement over the next couple of week before deciding whether to turn this into a calendar spread or just sell them out for a quick profit.


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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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