Thursday, January 27, 2011
Technically speaking: A setup for selling $PG Feb 18 2011 62.50 PUTs
Watch the next few hours in $PG trading. The Feb 18 62.50 PUTs sold at this morning for up to $0.40. If we see the day turning for the worst, I'd say this would be a nice trade if you are looking for some delta-positive exposure. Will PG fall and hit it's trendline again? Maybe, but the general updraft is powerful and I wouldn't put my money on the short side. Plus, we have GDP numbers tomorrow and, uncharacteristically, I'll take the over on the 3.5 estimate. If you are expecting GDP numbers to disappoint, you might want to wait.
Disclosure: No position yet, but if I can get a good price, I'm looking to sell those PUTs.
Subscribe to:
Post Comments (Atom)
Not good with calculations and all so can’t say much about the fluctuating PG rates. However; I am quite good at providing the Best Assignment Writing Help to students across the world through an online platform. I guess everybody has their own strengths and weaknesses; I have just mentioned mine.
ReplyDeleteI just wanted to say that I love every time visiting your wonderful post! Very powerful and have true and fresh information about psychology . Thanks for the post and effort! Please keep sharing more such a blog
ReplyDeleteSite: Yellowstone Dutton Vest
Very fascinating story, it is difficult to find interesting and relevant content among blogs now.
ReplyDeleteSite : red cobra kai jacket