It's fairly obvious where the price resistance is going to be going forward. Question is how to protect your gains? If you are able - sell Calls; if not buy six month out PUTS. Basically, one could use the bottom of this recent shoulder and the Target area as a price range to trade around. Buy PUTS at the top of the range - take profits on Puts at the bottom of the range and use all profits to BUY more common shares.
Wednesday, December 17, 2008
MET Life...... Update
Doesn't this stock stuff look EZ?
It's fairly obvious where the price resistance is going to be going forward. Question is how to protect your gains? If you are able - sell Calls; if not buy six month out PUTS. Basically, one could use the bottom of this recent shoulder and the Target area as a price range to trade around. Buy PUTS at the top of the range - take profits on Puts at the bottom of the range and use all profits to BUY more common shares.
It's fairly obvious where the price resistance is going to be going forward. Question is how to protect your gains? If you are able - sell Calls; if not buy six month out PUTS. Basically, one could use the bottom of this recent shoulder and the Target area as a price range to trade around. Buy PUTS at the top of the range - take profits on Puts at the bottom of the range and use all profits to BUY more common shares.
No comments:
Post a Comment