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SyndicateTwo

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SyndicateTwo

Re: alero post# 552

Thursday, 05/08/2008 4:11:29 PM

Thursday, May 08, 2008 4:11:29 PM

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My trade is now to start selling the June $50 calls. If you have a broker like IB, it's no problem with commissions. I'm beginning to sell 1 a day with a 1000 share position. So, the goal is to end up with 10 short at an average hopefully around $1.50+

I sold 1 today at $1.10.


It's one of the most clearly defined 5 wave patterns out there with this being the 5th wave. The projection is $50ish on a 1.38% fibo.


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