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Breakout in TXN

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  • January 10, 2017 at 11:51 am #7342
    Steven Place
    Keymaster

    Looking for the breakout here. The stock has seen compression for the past month and I’m looking for a move to 80. Here’s the setup:

    IWO Premium Order Ticket
    Type Asset Duration Strike C/P
    BTO TXN 17 Feb 17 75 Call
    STO TXN 17 Feb 17 80 Call
    Total Credit: 1.5

    Stop out on a close under 50 day moving average, currently at 72.

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    January 25, 2017 at 10:39 am #7460
    Steven Place
    Keymaster

    Stock has moved above its upper bollinger band and is gapping up today.

    Good time to take profits.

    SELLING HALF

    IWO Premium Order Ticket
    Type Asset Duration Strike C/P
    STC HALF TXN 17 Feb 17 75 Call
    BTC HALF TXN 17 Feb 17 80 Call
    Total Credit: 2.60
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