OIH Analysis

• stevenplace
• October 27th, 2009

Trade for subscribers to come EOD

Here’s the trade:

SELL -2 VERTICAL OIH 100 NOV 09 115/110 PUT @.77 LMT

SELL -2 VERTICAL OIH 100 NOV 09 135/140 CALL @.66 LMT

We’re getting into an iron condor, breakevens at 113.50 and 136.50

You can start with the put verticals first, and if we close above 12550 I would hold off on the call verticals. Let’s leg into it so we can get a nice spread.

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

blog comments powered by Disqus