Options Oracle: 08/29/2012

Baidu bounced perfectly off of support just like I thought it would and it is now moving towards the 20-day moving average. The original strategy was to buy the Jan leap and wait for the stock to move higher before selling the near-term calls against the long position. This will turn the position into a diagonal call spread that we can work with over a longer period of time.

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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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