Post feedCredit Spreads Trading Room Review
I just wrapped up the trading room session tonight on Credit Spreads. We discussed two potential trades one might consider trading spreads on. Here are the two we discussed in case you were not in attendance...
Symbol: IVGN
Trend: Bear Flag, Downtrend
Target: To Stay below resistance at $60 or bust!
Trade: Sept Bear Call...Buy 65 sell 60...$1.25 credit
Why?: Decent resistance, for those becoming increasingly bearish on the market this looks like a decent trade.
Symbol: COG
Trend: Intermediate uptrend, watch for a bounce & break of resistance.
Target: When it bounces around $50, target is to remain above this level
Trade: Sept Bull Put...Sell 50's Buy 45's...credit TBD.
Why?: Strong stock in a strong group. If the market continues upward, COG might travel along with it.
Symbol: IVGN
Trend: Bear Flag, Downtrend
Target: To Stay below resistance at $60 or bust!
Trade: Sept Bear Call...Buy 65 sell 60...$1.25 credit
Why?: Decent resistance, for those becoming increasingly bearish on the market this looks like a decent trade.
Symbol: COG
Trend: Intermediate uptrend, watch for a bounce & break of resistance.
Target: When it bounces around $50, target is to remain above this level
Trade: Sept Bull Put...Sell 50's Buy 45's...credit TBD.
Why?: Strong stock in a strong group. If the market continues upward, COG might travel along with it.
