Trade update (Oct/19/2012):
Expired worhless for 100% of credit profit
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I have been watching FDO for a long time now to break the downtrend. A lot of metrics are showing that FDO might start the run up again for atleast a few days and we wanted to get in it to atleast get a slow decaying premium on our side. If it continues we will start to get in something stronger on the vertical side. As seen in weekly chart, FDO is in clear uptrend. We have stop losses in place in case this goes against as our max loss is a lot more than max profit.
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| FDO daily chart |
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| FDO weekly chart |
Trade-:
Sell $62.5 Oct Put
Buy $62 Oct Put
(Get 55c credit)
*Please do your own research before buying any stock listed here. Disclaimer.
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