I was going to post this even before I saw David's post, but in light of it, it makes even more sense. If you are still bullish about Oakleys prospect, or you want a good, low risk point to trade OO, we are getting close. A buy would be at 10.75-.10.875, with a stop at 10.25 for the more conservative, or 10.125 for those less conservative. If it gets there before the close on Wed, and you believe RAYS numbers will be good, as last time, get a buy in right before the close. By the way, I didn't see any recent correlation between RAYS numbers and OO movement, but I have to admit, OO moved with RAYS numbers last time. By the way, if you get the pop on OO, I say watch your profit closely, history tells us the OO will retrace.
I would suggest some in the money options for this trade.
BCL |
