Fitzstock Charts

SPLS

Posted by on January 28, 2013

spls

8 Responses to SPLS

  1. Ram

    Thanks for positing. I am long via options

  2. Bill Perkins

    I am not real experienced in options, what is good timeframe here?

    • David

      would go out to March (maybe the 12s or 13s). Took the stock this time, but those are the options I would have looked at, with the low priced stock and low volatility.

  3. Andre B. Reis

    Small question: are you usually this aggressive moving stops up on swing longs? (stop moved from $12.93 to $13.30 when it hit $13.46)

    Just curious if in your experience it’s best to move to break-even as soon as possible rather than ‘letting it breathe’. For swing trades, only.

    • David

      Yeah, Sometimes I will be more aggressive and lower my stop to low of the day, especially if i have taken 3/4 off. Obviously the ideal situation is to leave a runner with no risk(so you have a winning trade)….GL

  4. Edmond Tam

    Would you recommend initiating the June 14 calls and bet with the institutions?

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