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Watch out for CFC - Learn to Trade Options | #1 Options Trading Education

Watch out for CFC

Published on August 28, 2007

Watch out for CFC

August 28, 2007

$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

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One Comment

OptionPundit | CFC Closed for +15.7% profit says:

August 29, 2007 at 10:40 am

[…] 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 […]

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