AI
Thursday, March 19, 2009 2:18:43 AM
Tomorrows contrarian play...~DRI~
Estimated Market Cap
$4,976,062,665 as of Mar 18, 2009
buy 22 april 35 puts ~DRIPG~ @ 2.20 x 2.30 (30 days left)
today's open interest 215..
today's volume = 1,539 (apr 30's appear to have more interest & power...but the conservativeness of the 35's are more relaxed,IMO...)
This is what I would describe as an extremely high probability set up...the perfect pitchfork resistance coincidences combined with the complete over-extendedness of the upper-Bollinger band penetration (weekly & daily)...did I mention the juiciest gap that Ive seen for awhile...
daily
weekly
Estimated Market Cap
$4,976,062,665 as of Mar 18, 2009
buy 22 april 35 puts ~DRIPG~ @ 2.20 x 2.30 (30 days left)
today's open interest 215..
today's volume = 1,539 (apr 30's appear to have more interest & power...but the conservativeness of the 35's are more relaxed,IMO...)
This is what I would describe as an extremely high probability set up...the perfect pitchfork resistance coincidences combined with the complete over-extendedness of the upper-Bollinger band penetration (weekly & daily)...did I mention the juiciest gap that Ive seen for awhile...
daily
weekly
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