We’re brining back the daily watch list. As most of you know we primarily trade options on the stocks outlined here, but the underlying stock can also be traded in the same way. Stay tuned for a more detailed description of the trade setups and the HLB/LHB strategy.
Stocks to Watch on 10/20:
Longs: GIS, RAI, LTD
Shorts: CRZO, SPN, RIG
Current Positions: DLTR (long), CNP (long), NFLX (short)
To briefly outline the strategy, we are not looking to enter long until the high of the low bar is pierced.
In other words, we would look to enter GIS long on 10/20 once we break $39.95 until we break 39.93 (the high of the low bar). I like to give it a $0.10 cushion.
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