Speculators: Add CF Calls
Playing a Bounce
PLAY: Buy the CF March 100 Calls (O:CF 10C100.00) at or under $6.30, good for the day. Place a protective stop limit at $4.10 and a pre-determined sniper sell at $9.00.
Dear Bottarelli Research Member,
As a quick speculative play, I’d like to play a bounce in CF Industries (CF – NYSE). As you can see below, the stock dipped down to $100.00 this morning and quickly recovered. This indicates that $100.00 is a solid floor, which sets up a nice upside catalyst going forward. Let’s get positioned to ride this upside by making a quick play using March calls.
PLAY: Buy the CF March 100 Calls (O:CF 10C100.00) at or under $6.30, good for the day. Place a protective stop limit at $4.10 and a pre-determined sniper sell at $9.00.
And as always…
Lock and load!
Sincerely,
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