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  • Bret Kenwell
    I believe it was Mr John Conway who originally pointed it out, but $COST nearing that 86.50 mark. Has bounced from there before.
    5/2/12
    Reply (5)
    • John R. Conway: 86.50 short term support level.May 24 costcos earnings http://seekingalpha.com/a/b541
      5/2/12
    • Bret Kenwell: it did touch and bounce that earlier today.
      5/2/12
    • John R. Conway: July 85 calls going for 3.6 Last time i played costco calls went from 3.6 to almost 5.00 in a couple of nice up days.
      5/2/12
    • Bret Kenwell: Nice! did you spread that or outright calls?
      5/2/12
    • John R. Conway: Outright calls, But i had to double down when i had the trade on. I gave the spread to limit ones risk. ITM calls under 3.50 attractive
      5/2/12