Wednesday, October 10, 2012

$CF levels for NOV

10 oct - noting that earnings are at the end of this month...the levels im watching on CF for a possible new credit put spread for NOV... its testing the 50day now but has some support near 200 and additional support near 190.. ideal spread would be to get at/below that 190 level which will probably be under the 200day as well.. i still have a Nov205/190 put spread going so that would be a hedge against any new credit put spreads..since i have that hedge i might do a rare credit put spread entry prior to earnings to take advantage of the juiced up premiums.. but will not make that move till right before depending on where the stock is at that time..might be at 190 then so entering a spread now would not be advised.