Tuesday, July 24, 2012

$CF chart and setup

had a one day breakout and now 4days down in a row..never did get into that put spread,,was hoping to get in at 205ish for a sep spread..will keep watching though... earnings still look to be on 2aug so likely no entry till then.. would like to see stock get back to the moving averages in order to enter credit put spreads ideally at/below the support line around 155. if for some reason it whooshs down to the moving averages i may take a half size position on credit put spreads at that level since IV will remain elevated ahead of earnings..setting alert at 185 for now to get on radar

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