AI
Friday, December 12, 2014 11:09:47 AM
CMG Coiled For A Breakeout
CMG has been consolodating for a while now.
It's in a weekly, daily, hourly, and fifteen minute squeeze.
The probability is 75% for an upside break. Then there is the
the other side, 25% as there is no certainty in markets. There is
a way to configure a trade going out three to four founths
to limit risk. Buy delta 70's calls and then buy puts as near
to 20 deltas lower than your calls as you can get. The further
expirations reduce theta decay. Once CMG breaks to the up or downside, pick up some near term calls or puts to capitalize
on the directional move.
Cheers
CMG has been consolodating for a while now.
It's in a weekly, daily, hourly, and fifteen minute squeeze.
The probability is 75% for an upside break. Then there is the
the other side, 25% as there is no certainty in markets. There is
a way to configure a trade going out three to four founths
to limit risk. Buy delta 70's calls and then buy puts as near
to 20 deltas lower than your calls as you can get. The further
expirations reduce theta decay. Once CMG breaks to the up or downside, pick up some near term calls or puts to capitalize
on the directional move.
Cheers
() ()
" "
+
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
