Underline stock: GG
Entry date: February 21, 2013
Entry price: $48 per contract
Strategy applied: Selling March 31 short put. This is a bullish
strategy.
Reasons to enter the trade:
·
Technical: GG has reached its support at $32.
GG had moved up twice from the $32 support in May and July of 2012.
·
Probability: There is approximately 67.50 % GG
will stay out of the money for March 31 put.
Dennis Phan
潘家墉
21 February 2013
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