OMG – I forgot all about BTU!
Every time they get to the low 70s (well, the last 4 times anyway) they bounce back to $80.
The stock did this even as oil was going down, with oil going up I will be buying with great confidence the December $75s for $4.40 (an outrageous $2.80 premium) and looking to get out as the stock hits its 50 dma of $78.75 (but probably with a .50 trailing stop).
Remember the Valero Rule for all energy trades! Should not be an issue today.
MU will also be a good mover today, but we should have gotten it yesterday when the announcement of their partnership with Intel put a knife in SNDK.
