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Free Trade Recommendation – Sell ATI Calls

Mar 23, 2010 Options, Trading Idea

The following trade is from the latest issue (03/23/10) of Navivest Options Writer.

Navivest Options Writer

03/23/10

Allegheny Technologies (ATI) – $54.03

ATI shares have had a good run since the last week of February. The stock is now seriously overbought and we should see some correction or at the very least, some sideways trading.

Sell the Allegheny Technologies May 2010 60 calls. They are currently asking $1.60. Enter here between $1.50 and $1.70.

Navivest

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This entry was posted on Tuesday, March 23rd, 2010 at 11:44 am and is filed under Options, Trading Idea. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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