Compression Breakout in BHI Home › Forums › Swing Trades › Compression Breakout in BHI This topic has 1 reply, 1 voice, and was last updated 8 years ago by Steven Place. Viewing 2 posts - 1 through 2 (of 2 total) Author Posts June 2, 2014 at 8:36 am #2448 Steven PlaceKeymaster After a nice gap higher, the stock has done nothing for two months. With the strength in the oil space, this name is ready to run. Here’s the trade: Buy to open BHI Jul 72.5 calls for 1.65 or lower. Stops at 69.47. June 9, 2014 at 8:41 am #2449 Steven PlaceKeymaster It has broken out, and it’s in the second day of its breakout with probably some more upside… but it is also extended on a short term basis. Sell 1/2 Jul 72.50 calls @2.25 Author Posts Viewing 2 posts - 1 through 2 (of 2 total) You must be logged in to reply to this topic. Log In Username: Password: Keep me signed in Log In