NEW TRADE IDEAS:
3/9: FTI – Consider shorting Apr (4/20) $28/25 bull put credit spread around current $.35/share mid-point. Breakout from big 2x bottom at 200-MA daily, bullish engulfing on weekly, sector bottoming. Stop $28.18.
3/9: NOV – Consider shorting Apr (4/20) $35/28 bull put credit spread around current $.52/share mid-point. Breakout from consolidation daily/weekly, sector bottoming. Stop $34.77.
3/9: OIH – Consider shorting Apr (4/20) $23 naked puts for current $.33/share mid-point. Big 2x bottom on major support daily/weekly. Stop $23.18.
3/9: SLB – Consider shorting Apr (4/20) $62.5/57.5 bull put credit spread around current $.40/share mid-point. Breakout from big 2x bottom daily, bullish engulfing weekly, sector bottoming. Stop $63.88.
3/9: VLO – Consider shorting Apr (4/20) $87.5/82.5 bull put credit spread around current $.51/share mid-point. Breakout from big 2x bottom above r20/50-MA daily, bullish engulfing on r20-MA weekly, sector bottoming. Stop $89.48.
3/9: OIH – Consider shorting Apr (4/20) $23 naked puts for current $.33/share mid-point. Big 2x bottom on major support daily/weekly. Stop $23.18.
