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Could ESRX be the next?

Published on April 27, 2007

Could ESRX be the next?

April 27, 2007

 

ESRX is another intraday play I am looking at. It has pretty strong support at $95 and it just dropped to that range. esrx-april-27-chart.png

I might get into this with a very tight stop loss order that is based on stock condition in stead of a percentage loss of option premium.

Here is the intraday chart and it’s interesting how it is fighting to keep that level. Rationale of being bullish, it just announced great earning a few days back, upped outlook and gapped up on strong volumes.

Bullish trade idea could be via bull put spread or long calls or calendars at $100 amongst many ways,

Profitable trading, OptionPundit

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