Long ABX Feb17 14 Puts @.89
Stop: .69
Target: 1.36
I think ABX has formed a small double top, has the 10ema on the daily coming, and also has a strong old support/new resistance above my stop.
ABX closed at 10.72 last time gold was this price and the trend line looks like that valuation is close to accurate.
Tons of option interest in these options with 1 cent bid-ask spreads.
I will exit all at the target due to strong support and option risk
Stop: .69
Target: 1.36
I think ABX has formed a small double top, has the 10ema on the daily coming, and also has a strong old support/new resistance above my stop.
ABX closed at 10.72 last time gold was this price and the trend line looks like that valuation is close to accurate.
Tons of option interest in these options with 1 cent bid-ask spreads.
I will exit all at the target due to strong support and option risk