• 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

Recent Posts

  • IWO Live – May 21st – The Market Refuses to Die: Why Sticky Bids, Gamma Squeezes, and Degenerate Trades Are the New Normal
  • 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

Get The Options Trading Training You Need.

See All IWO Trading Courses!

© 2023InvestingWithOptions | Disclaimer | Financial Disclaimer | Terms and Conditions | Privacy Policy