BUY MOS Jul $45 Calls @ $2.33

June 22nd, 2009 6:07 pm mylifemytrade Leave a comment Go to comments

Another one that is very oversold and should sport a nice oversold bounce. $40 is a good strong support and should hold. $49 is the resistance up above. $6 upside potential and $3 downside potential from where I entered ($43 mark).

2009-06-22-mos-support-levels

Categories: My Trade - Options Trade, Technical Analysis Tags: ,


  • TonyMontana
    What are your thoughts on POT, it's in the same sector as MOS, but much more volatile and can yield a higher return IMO.
  • In past, MOS has always been more volatile.. even now MOS is almost 33% off from the top, where as POT is much less.

    As for more volatility yielding more return.. well it works the other way too.. you can get burnt if it goes against you.

    My choice for MOS was based on cleaner support resistance lines than POT. Also, I have played MOS many times before so I am somewhat familiar with the nuances of its price movement during the day - which is useful for optimizing the entry and the exit. POT is more or less an unknown animal for me.
blog comments powered by Disqus


free counter
free hit counter