STJ puts...

Discussion in 'Options' started by minitimer, Feb 17, 2009.

  1. looking at the daily chart of STJ we are at the 200 day moving average on a 62% retracement. there are a few upper targets lingering just a bit higher that i would like to be hit. we are sitting at a timing window for a possible rollover so waiting and seeing what the market gives us. there is no indicator giving confirmation so just watching patiently
     
    • stj.png
      File size:
      67.9 KB
      Views:
      108
  2. STJ timing finally kicked in. bought the march 35 put at the breakdown of doji for $1, now worth $3.20
     
    • stj.png
      File size:
      70.7 KB
      Views:
      88