Highway to Hell?

Hi Shoppers,

Check out the stock chart for Ford Motors (Ticker: F):

F has traded down since June 4, when it hit a recent high of $16.45

The low was $13.74 on Thursday — which is looking like a doji candlestick.

Remember, the doji signifies a change in trend. In this case a reversal from the recent downtrend.

I think F can trade back towards $16, and I think it could happen this week.

So if F opens and trades higher this morning, I will buy the July 16 14.50-strike calls and pay up to $.25.

That is what you call a super-duper cheap quick shot.

Yes, that is a professional term, by the way.

These calls can trade up to $.75 and higher, and that is where I will begin to take my profits.

Thanks for Reading … See You Next Tuesday!

Licia Leslie

Licia Leslie

Licia Leslie

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About the Author

Licia Leslie

Licia Leslie

Former CBOE floor trader and CIO at Karman Line Capital. Author of ‘The Option Traders Hedge Fund’ with over 30 years of options trading experience.

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