Posted by Richard Cox
has posted some strong rallies after hitting its lows in the lower 77s, and I am viewing this area as the long term bottom. We did see pullbacks into the end of last week, and I am using this as a buy opportunity for weekly CALL options, expecting a run back up into the low 80s sometime this month.
In the Nasdaq
, I will be looking to play against the latest weakness, prices are unlikely to fall below 2780 in the near term. Use this area to enter into weekly CALL options, targeting a run back to 2865 in the coming weeks