Monday, August 6, 2012

$CF chart for earnings

nothing really jumping out at me for an earnings trade on CF..still bouncing around the resistence area near 202ish. IV on weeklies and even Aug's are not that elevated to be able to put on a calender spread.. options are pricing in about a $10 move . call fly might work but didnt look interesting either. i would guess a good earnings number and small up move on stock. so will be just watching this time. id like to see some type of selloff to be able to enter a credit put spread..will be looking for the levels near the moving averages.. probably be a SEP spread but will price out AUG just in case if that down move comes.

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