Hi Shoppers,
If you’ve been trading lately, you know … it ain’t easy out there.
There is so much going on worldwide it is pretty much impossible for one person to keep up alone.
Even in quiet times, you do not want to be a lone trader. You need trading ideas and people to bounce your ideas off of.
There are so many stocks out there –I bet you barely know one third of the names.
Go ahead, I’ll wait … just kidding.
But the opportunities are basically endless.
Why try to brave it alone?
Well, you don’t have to.
We have a dynamic duo here at Option Pit.
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Because, remember, knowing is only half the battle … you also have to execute.
During this free session they will …
- Share their entire portfolio
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Once you’ve done all that, go here for my next trade idea.
Let’s Go to Walmart!
Check out the Walmart (Ticker: WMT) one-year chart:
It is currently trading up against some stiff resistance going back to last November.
A closer look shows a possible doji on Monday and a possible shooting star candle yesterday:
WMT has traded straight up since bouncing off that hammer on Feb. 24, trading a low that day of $132.01.
It traded a high of $153.33 yesterday.
I will be watching this morning for confirmation of WMT opening and trading lower.
If it does, I will be a buyer of the April 14 150 puts:
I will pay up to $1.15 for these puts.
I believe WMT can trade back down to $146.
If these puts trade below $.80, I will take my loss. I will begin to take profits around $2.00.
Trade Review
Bristol-Myers Squibb (Ticker: BMY) has yet again traded higher, not lower. Therefore, no trade.
Thanks for Reading … See You Tomorrow!
Licia Leslie