An
important date for Lionsgate Entertainment is November 22. This is
when the second movie from The Hunger Games trilogy starts. For a
long time, I have looked at that date as a kind of pivot for the
stock. A time, when the easy bull money might well be over. As with
everything I write and every position I take, I could be totally off,
but it is my current thinking.
There is a modest sell
off in stocks today. Most of the November positions I opened are in
the red, some significantly so. However, the positions were all low
risk, low reward, and the worst case, is that I get assigned some of
the stocks at much lower prices (or roll the options out to the next
month).
To my surprise, a Saturday chart review turned up a large crop of interesting charts for put sales (bullish): dow fdx hal hon low mmm mon nov nsc oxy pg qcom twx unp ups wmb
To my surprise, a Saturday chart review turned up a large crop of interesting charts for put sales (bullish): dow fdx hal hon low mmm mon nov nsc oxy pg qcom twx unp ups wmb
As
always, nothing on this site is a recommendation to buy or sell. I
may or may not take any new positions, but thought a few readers might find the list of interest. As I mentioned before, I will have limited computer access for the next couple of months, so my trades will tend to be reported late, sometimes very late.
Long
AMGN APC BA BRKB GDX IWM KORS LGF NKE XRT
Net
long GLD SPY
No comments:
Post a Comment