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I mentioned to watch out CFC for $19 area, and it did drop today. I opened a straight put and then closed it as it started to move back up. IV also played a key role as even though stock came back to the point where I bot my PUT, options [...]
$2billions from BAC didn’t help CFC much (neither it helped BAC). Both are falling, and therefore watch-out for CFC.
$19 is seemingly quite strong support and then $18 (the price for BAC). It might be potential intra-day bearish position but keep very tight entry/exit should you decide to play this.
Profitable trading, OP
intraday trading
An excellent post from Adam on what he calls The Bernanke Short Options Squeeze. Don’t miss it.
BSC is another one breaking the $115 support (allow roughly $1 tolerance to see “stop loss” massacre) and if falls below 114, chances are to make good sum during intraday trading. Trade tight.
Profitable trading, OP
intraday trading
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