Strategy, Approach and Statistics

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Tuesday, January 31, 2012

Alert 31 - New Position

Buy STJ 20APR12 42.5 Put at a debit of $2.55

Comments: STJ is strong trending stock and may continue its momentum. In short-term, it will hit resistance at 42.06. Conditions are overbought. A quick gain will be booked if the market shows weakness. This will also balance the portfolio as we already traded CMI on the long side. 

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