Friday, May 4, 2012

CF chart and setup for June

now that earnings are out, which looked good, had the jobs report selloff. CF was in a channel for a few weeks between 180 and 190.. if it gets to bottom range of that previous channel, then could look at June credit put spreads at/below the 168ish low from march..that also lines up the the 150/200 day moving would start looking at the 155/160 credit put spreads