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Yuri
Moderator
Number of messages : 386
Points : 1868
Date of Entry : 2015-06-28
Year : 33

CSX Corporation (CSX)

on Tue Feb 14, 2017 2:44 pm
CSX Corporation (CSX), $47.91

daily chart
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Trade:   Under $47.40, we recommend selling 10 Mar 50/55 bear call spread (31 DTE) at mid-point credit (current closing mid-point is $.67/share).
Strategy:    Double Top daily with climactic sell setup on the monthly chart.

Max Gain:  Premium received.
ROI:   Premium received/($5.00 spread less premium).

Max Loss:   Cost basis of $50.00 plus premium received.
Stop Loss:  $50.12.


source: mastertrader
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