Straddle with TSO: Range-Bound!

10 Ağu 2016

There are two ways to trade this. One is to short TSO to $73.40, and if the resistance holds, go long until $77.90. That's too risky.

You can do that, but I'd rather play this as a straddle. Sell the $70 puts (1.25) and $80 calls (1.31) September calls.

Max Profit: $256 per option.

30 Ağu 2016

Not

Everyone make money today? Good.

8 Eyl 2016

Not

Wow that ripped past resistance. SLD at resistance. Don't be greedy!