Close out Old Semi Trade and New Semi Trade
- stevenplace
- December 9th, 2009
TXN raised guidance and the stock sold off, so I don’t want to be exposed there. I would recommend you exit the second half of that trade for a loss– should be a scratch trade.
Meanwhile, MRVL is showing some technical strength. I like this for a short term trade:
1. Get long on a break of 18.10
2. Put a stop at 17.75
3. Take off 1/2 at 1830, move stop to breakeven.
That is my execution strategy. I am using the Jan 17.5 Calls as a buy– 10 of them.
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Steve Place is a professional derivatives trader, focusing on equity options. He has a degree in Electrical Engineering with specializations in Signals Processing, Stochastics, and... More »
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