The chart of PBW is again telling us to straddle. I would pick the Sep 21's and 22's. With earnings coming up in the next couple of weeks for the companies covered, there should be some decent volatility. The image is blurred but you can see the price is right on the 15ma and the bands are closing. The chart will allow a straddle because of the volatility and the consistent following on the edges of the bands to provide more than enough profit to cover the loss on the other side. Also, 700, shares have been traded by 1 PM eastern which is fairly heavy at this point in the day. Thanks to Optionsxpress for the chart.
1 comment:
Nice article. This series is really leading to a great result.
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