Thursday, July 4, 2013

Mcdowells next move ....

Watch Mcdowells .... Agressive traders can look for trading in Options as I have marked strike prices which give us a clue of whats happening behind the scenes.... Well almost !!!

Ok here is the chart of McDowells .... Have a look and see whats coming....



 Now have a look at Option data....what do you see ?


You have the data in front of you. So what is the safest bet here ? 2700-2300 is the range to watch...
If you are a Option trader, which side will you trade knowing the fact that the stock is trading close to its supply zone, but also keeping margin for error. Nobody knows the future we can just take calculated risk and trade against those traders who are getting trapped :)