Market Curiosity: Exploring Markets And Systems

February 1, 2011

Sold KMP Feb 70 puts on backtest of consolidation trendline +57%

Filed under: Short Puts — Tags: — Jeff Fitzmyers @ 10:34 am

Sold puts for $0.28 each.

+ Backtest of recent consolidation trendline.
+ Backtest of 34 EMA.
+ Declining volume on the pullback.
+ Stock is near all time highs.
+ Weekly CCI > rising monthly CCI.
+/- Daily CCI is still high, but that’s normal if this really is a backtest.

KMP backtesting consolidation trendline

Feb 10: Covered at 0.12 +57%

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