Thursday, August 30, 2012

$FFIV chart and setup

can that 50 day moving average get any more flat..still working within a channel for last few weeks. 50day is holding as support for the moment but the levels id like to enter for credit put spreads , the premium is less than id like. now would really need a further pullback to bottom of this channel near 90 before entering new spreads. its down 5% today on a down less than 1% market day.. sells off to low 90's might be able to get a spread at/below the Oct lows near 70ish...will also look at OCT when pricing those out.. setting alert at 92 to get on radar.

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