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Strategies & Market Trends : Advanced Option Strategies -- Ignore unavailable to you. Want to Upgrade?


To: Jan Ravi who wrote (79)7/27/1998 10:03:00 PM
From: Joe Waynick  Respond to of 355
 
Hi Jan! Welcome to the thread.

Would you consider CYCH for your next stock to play options on?

CYCH doesn't meet the basic criteria. It looks like it's entering into a channel, however I would like to see 3-4 more weeks of a consistent trading range, giving me one complete cycle monthly.

Also, the range it's entering is only $2.50, between $12.50 and $15. Theres's not enough cushion between the strikes to play effectively.
I wouldn't risk it.

But hey, thanks for the tip!