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Jan 20 14:58 pm
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All Comments by Moby Waller »Chesapeake Energy Unable to Rally Even After Positive News [View article]
On Jan 06 10:41 AM rbagby wrote:
> It's amazing how badly this guy Moby missed the mark on CHK
>
>
It's amazing how well rbagby's comment was a contrarian indicator on CHK -- topped out near 20 that day, currently below 14.
I actually was looking at a Straddle on CHK for my subscribers, but ended up going for the Bearish direction, for various reasons. I certainly saw big potential for a volatile move in either direction, but chose the down side. It rallied from 15 to almost 20, now currently below 14. If you had been long the straddle, you could have sold out the Call side on the move up and ended up most likely with a "free" Put that is now worth serious premium.