CALL
DRRX- buy Jan2017_2.5 CallDRRX breaking up a symmetrical triangle & same for money-flow. Technically it looks good so we took some speculative Jan2017- 2.5 Option calls.
You can check our detailed analysis on _ in the trading room/ Executive summery link here-
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Time Span: 6:40”
Trade Suggestion Date: 12th Jul
Trade Status: Opened (12th Jul) Jan2017- 2.5 call for $0.35
JOBS REPORT POSSIBLE SIGNIFICANT MOVE SPY STRADDLEPossible significant move up to and beyond 212.50
or a drop back to 207 support and below
SPY STRADDLE
SPY JULY 8 212 CALL @ $.15
SPY JULY 8 209 PUT @ $.30
Equal amounts invested in each
RISK DISCLAIMER
Options involve risks and are not suitable for everyone. Option trading can be speculative in nature and carry substantial risk of loss. Only invest with risk capital.
www.topandbottomtradesignals.net
KC shortUpdate on a upsloping trendline (blue) which acts as resistance
On the 5 hour chart, we should have generated a sell signal.
I still remain short via puyt spread 1x2s, as frost is no longer an issue. It appears the market is still digesting this from last week and should correct lower IMHO as physical supplies out of Brazil remain steady.
Warehouse stocks in EU and US plenty as well.
Dont get me wrong, as shown in the blue channel, even if we have a correction lower, the blue trend channel might indicate a change in trend, however the frost damage is simply not there and in order to rally, this market would need breaking news like that.... without anything of that sort coming out, I see a correction lower before making new highs.
Still, knowing coffee, I remain short with 1x2 calendar spreads, buying the downside 1 leg in one month and selling 2 lower puts in a month further back.