Over the last week, I recommended opening the DIA April 179 put, the AAL May 50 put, the XOM April 90 put, and the RIG May 18 put.
The XOM, RIG and AAL trades were issued on the idea that oil would resume its fall.
And that’s exactly what happened.
Within days of recommendation, all three trades moved as hoped.
If you’re happy with current gains on the AAL, XOM and RIG trades, consider selling to close half of each to secure quick gains. Hold the second halves.
As for new trading opportunities, Deere (DE) is just starting to fall apart at substantial resistance points going back 10 years. MFI has already turned south. And it’s only a matter of time before MACD and RSI turn lower, too.
Consider buying to open the Deere (DE) June 2015 90 put up to $3.90.
Good Investing,
Ian L. Cooper
Inside Value Trader