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Straddle Buy in NOV

Home › Forums › Swing Trades › Straddle Buy in NOV

  • This topic has 0 replies, 1 voice, and was last updated 12 years, 8 months ago by Steven Place.
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  • October 13, 2013 at 6:44 pm #2560
    Steven Place
    Keymaster

    The Bollinger Bands in NOV are getting super super tight, and is ready for a move.

    nov

    The odds that the stock will stay within its current range for the next two weeks are very low.

    Here’s the trade I like:

    Buy Nov 77.5 Call

    Buy Nov 77.5 Put

    Debit 5.00

    Buy 1/2 of a position and if the cost of the straddle goes to 4.50, add another.

    Time stop of 2 weeks.

     

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