Avon Products (AVP) signals a Long Trade Entry by closing above the 20 day price channel to the upside. Entry at $25.80 with an initial stop limit of $23.84 and a pyramid price at $26.78.
Short Term Option trade: July 27 calls at 0.95 by 1.05
Bull Call Spread trade: Buy July 26 call, Sell July 28 call for 0.90
Trade at your own risk with proper position sizing and risk management measures.
Tuesday, May 26, 2009
Avon Products Signals Long Entry
Labels:
Avon Products,
Bull Call Spread,
bullish,
Option trade,
trend trade
1 comment:
Update:
Avon Products (AVP) closes above the pyramid price signaling a new bullish trade.
Stock Price at 27.32 (up 6%)
Prices for ST Option Trade: July 27 calls at 1.55 by 1.65 (up 57%)
Prices for Bull Call Spread: July 26/28 Calls for 1.50 (up 66%)
New Entry trade at 27.32 with a new stop limit of $25.30 and a pyramid price of $28.33
Short Term option trade: July 30 calls at .40 by .45
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