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PB2MA On IBB

Home › Forums › Swing Trades › PB2MA On IBB

  • This topic has 0 replies, 1 voice, and was last updated 8 years, 8 months ago by Steven Place.
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  • September 5, 2014 at 10:58 am #2408
    Steven Place
    Keymaster

    Some weakness in biotech today, it is pulling back to the 20 day moving average and previous resistance (potential support).

    ibb

    I’ve been early buying the dips in the past so I’m going to go half size here:

    Sell to open IBB 250/245 bull put spread for 0.95

    I’ll add another round of spreads at 1.35

    If IBB loses 250 I will roll the entire spread down 10 points, and then get completely out if it loses 240.

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