Tuesday, April 07, 2015 10:38:08 AM
Thanks for the post and chart on ADM........
<edit> I suppose you helped answer my question as to why I even entered the ADM position as it's not one I usually play.
Yes options seem liquid enough and position was entered based on a theoretical chart pattern and its overall trend indicator of MACD study on weekly and daily charts
Currently at a resistance MA point on weekly and daily charts (Fib #'s 33 and 144 respectively)
At this point it seems as if I'll ride this out to expire worthless being on the bear side (45/43 vertical put spread)
If anything I'll prove the TA was flawed
ADM Weekly Chart
<edit> I suppose you helped answer my question as to why I even entered the ADM position as it's not one I usually play.
Yes options seem liquid enough and position was entered based on a theoretical chart pattern and its overall trend indicator of MACD study on weekly and daily charts
Currently at a resistance MA point on weekly and daily charts (Fib #'s 33 and 144 respectively)
At this point it seems as if I'll ride this out to expire worthless being on the bear side (45/43 vertical put spread)
If anything I'll prove the TA was flawed
ADM Weekly Chart
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