OAS seems forming a rising wedge formation & its breakdown support recently. Moneyflow was diverging & now crossed to the negative side. If it breakdown the wedge formation It has potential to go down all the way to 7.5 area. We are also considering $11 January-2017 Puts, last traded for $1.15
Here are my candidates for covered calls next week. Right now, they're based solely on ROC metrics, the key being to get at least a 10% ROC if the shares are called away at the short call strike. Additionally, the focus is on sub 10.00 debit plays; underlyings of higher dollar value are generally more amenable to other strategies. After looking at the charts,...
I am in once it crosses 5 cents over the 5DMA Entry at 13.67 Target: 14.62 : 7% Stop: 13.15 : Loss: 3.6%, A Profit/Loss ratio of 3 : 1 regards, Jason | Tbltraders.com