Saturday, May 9, 2009

UNE-FO


Here's a great feature on the Think or Swim trading platform.
How about a chart of option activity?

In this instance we're looking at the recent pop in underlying UNG using the Jun $15 Call.

Yep, May 6 - $0.95 - May 8 - $2.55 or 150% in TWO days. Look at the TELL of the volume in the second hour on May 6 and you'll see those late to the party could have gotten in at $1.15.

It may be time to take profits as the volume is waining....setting stop @ $2.45

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