Market Curiosity: Exploring Markets And Systems

May 16, 2011

Long HLF June 100 puts for 1.60, and May 100 puts for 0.20 (update 2, May 17) +29%, +50%

Filed under: +26 to +50%, Long Puts — Tags: — Jeff Fitzmyers @ 12:20 pm

(Sorry for the late notice, had to be out rapidly this morning.)
+ The purpose of the very short term puts are if the stock starts to decline rapidly, the puts can go up in value 10 times. So even if the timing is off 5 tries in a row, the 6th or 7th can make the whole thing worth while.
– NR7 doji bar after a good run up.
– RSI is > 70 on all 3 major time frames.

May 17: Sold everything because price did not drop through the 10 EMA. +29% with the June puts and +50% on the May puts.

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