SINA NOV $70/$75 Call Spread @ $0.41 Spinning top on Friday, look for a close above $63.40 for confirmation
HAL OCT20 $34/Call @ $0.55 Look for the MA(200) @ $33.27 to hold support for an entry.
FCX OCT20 $41/Call @ $0.63 Momo has turned in the Bulls favor.
TCK OCT20 $32/$33 Call Spread @ $0.15 Looks like a bottom has been set. Very low risk play here!
Bearish:
AAPL OCT20 $620/$615 Put Spread @ $0.91 A close below the MA(50) on Friday looks like a bigger pullback is in order....
CMG Weekly $270/$260 Put Spread @ $1.25 The trend is our friend here!
Although I am bearish on the markets the Energy and Precious Metals seem to be where the herd is going. I'd like to stay with the crowd and not reinvent the wheel. Make it a great week folks!
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