Hi Shoppers,

Take a look at Transocean Inc (Ticker: RIG):

Yesterday’s action created a bearish engulfing candle and there is stiff resistance at $7.68.

I think RIG could trade back down to the 50-day moving average at $6.30.

Next week’s 7.50 puts below $.40 are a good purchase:

Be sure to wait for RIG to trade lower this morning before hopping in.

Trade Review
Bank of America (Ticker: BAC) did not trade above the 50-day moving average so no trade was made.

If it trades below $32.70 today, puts may be in order.

Thanks for Reading … See You Next Tuesday,

Licia Leslie