Monday, September 22, 2014

Trade Idea / Follow Up: (Short term) MCP

On Friday I went to open some October 18th, $1.50 calls and didn't get a fill on them. Today they've hit a stop level of local support, have put in a positive divegrence so this is my second chance to get this speculative long option (call) position, I'm taking it right here.

There was no negative divegrence since Friday, just another leading positive as volume popped up as price broke below local support today. Thus the fill I didn't get Friday, I'm going to go ahead and take now, although this still remains a spec position, MCP long equity position in unchanged.

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