• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Investing With Options

Become a Better Options Trader

Real Men Have Black Lung

May 18, 2009 By Steven Place

I'm watching ANR very closely based off this chart:

ANR 1 month Hourly Chart
ANR 1 month Hourly Chart

A break of the downtrend line would be a nice, low-risk momentum play, but you'd need to keep an eye on the sector and related stocks for follow through. Even on a long trade, there's still pretty solid evidence of supply at 27.5, so that will have to be a level to keep an eye out on. If it breaks the uptrending line you could play it to the downside with a target of 23-ish... but once it hits 23 I'm looking for support to hold as it hasn't retraced that breakout yet. From there I'd be looking to get into a delta positive options position, either a bull call spread or straight calls.

Free Iron Condor Toolkit

Want to learn how to beat the market without needing to time the market?

Do you desire a way to earn aggressive returns without staring at screens for six hours a day?

Get this free iron condor toolkit that will show you how this trade works in the real world.

Download the Toolkit Here

Primary Sidebar

Resources


Option Trading Basics
Income Trading

Recent Posts

  • How I Profited From A One-Day Pullback In Tech Stocks
  • 3 Option Trades for CCIV
  • Time to Call a Top in Solar
  • Winning In Both Directions
  • Big Water, Small Hose

Get The Options Trading Training You Need.

See All IWO Trading Courses!

© 2017 InvestingWithOptions | Disclaimer | Financial Disclaimer | Terms and Conditions | Privacy Policy