Diary of My Trades. My tools: Platinum, ThinkorSwim and ProfitSource

Friday, May 26, 2006

New Potential Credit Spread

GM:
Bounced from 50D MA with large candles. I am consedering a Bull Put Spread on this trade.
Sell 27.5P
Buy 25.0P for $80 credit
Money Stop: Loss of $80 (correspond to Tech Stop of $25.8)


FCX
Bounced 200D MA with large candle and more than average volume.
Sell 55P
Buy 50P for $165 credit
Money Stop: $80 which corresponds to technical stop
Technical Stop: $52.50

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