Compression Breakout in MS

This topic has 1 reply, 1 voice, and was last updated 12 years, 3 months ago by Steven Place.

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January 6, 2014 at 10:42 am #2516

Steven Place
Keymaster

This is one of the last of the big financials to run, and it has a great look to it:

I like the Jan 31 calls here for about 1.30, with a stop of 30.73.

Earnings are in 2 weeks so we want to be out before then.

January 16, 2014 at 3:33 pm #2517

Steven Place
Keymaster

Bailing on the trade here as earnings are tomorrow AM. Out for 1.05 which is a loss of .25 per contract.
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