Option Millionaires

[retiredMM]

jb

I am longer term bullish on CF with the weak crops and the fact that nitrogen based ferts are the future, especially with the PE at such a low multiple but..... although it might try to test the $228 high I do think it needs to retrace to $200 before it makes it's ascent to the $250 level. I know you like the momo but stocks grow tired sometimes and the volume in this name has been steadily declining. I think a nice pullback with a quick washout to the $200 level will do the trick.

I will look to enter Puts on any strength here unless it breaks out. I will play small because my real play will be calls as it nears the $200 level. I will look at $215 and $210 Puts. JMHO.