I have also been watching MWV which has bounced nicely off a Saturn support line. If it continues to hold above that line I plan to buy it later in the week.
Tuesday, February 2, 2010
Adding One More Trade and watching Another
I added another trade today. I wanted to sell MCD short, but the $6500 price tag was a little bit out of my range. So I bought puts instead. I paid $2.46 for March puts with a strike price of $65. According to the Astrology MCD is getting some good stuff from Jupiter right now, but that should be over soon and when it is I expect the stock to come down in price. If that happens, my put will be worth more.
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