He’s gonna need some time to get used to dealing with these jokers in congress…
If you picked up the JNJ calls – congrats! We are sitting on the 50 dma we talked about at $63 and getting intraday oversold. A close above $63 on today’s volume will signal a clear shot to $65 where we can expect serious resistance.
The Jan $60s are fairly priced with a $1 premium, especially considering today’s action.
This may be the right entry point for SNDK ($58) as it slips into the dark side. So little to lose with the $55 puts @ .50 vs. reward… The weekly candles on this chart are flat out painful…
http://stockcharts.com/gallery/?sndk
Rhat made a nice recovery! All the way back to $23. For .25 the $22.50 put has a great risk/reward!
