| This Trade Was Closed May 1, 2012 |
I closed this trade prior to options expiration. I would still advise holding the shares long as it is a good LTBH
Original Trade Post:
Prices of CEO have been on a recent decline with fears of Asia growth slowing. Morgan Stanley came out a few days ago and upped their China GDP forecast to 9 pct supporting a soft landing scenario. CEO has some good support at $200 and prices gapped up today off that level, making this a nice entry point
Trade Details
- The Ticker: Ceo
- Target Price: Tbd per share
- The Trade
- Buy to Open Apr 2012 210 Calls at 3.00 or better
- Trade Opened: March 30, 2012
- Trade Closed: May 1, 2012
Chart courtesy Finviz. Click to open larger.
Volkswagen VLKAY: The Flipside of a European Crisis in Stocks and ETF Trades (0 comments)
Will Oil Prices (USO) drag down Chevron (CVX) with it? in Option Trades (0 comments)
Shorting China’s Growth – FXI in Option Trades (1 comments)
Long Anglogold Ashanti on rumors of labor negotiations in Option Trades (1 comments)
Long Stratasys – buying the dip in Option Trades (1 comments)
This is not investment advice. Learning Markets, LLC is not responsible for errors or omissions. Please be sure to read our disclaimer.