Dr. Kris'  Instablog

Dr. Kris
Send Message
Dr. Kris hails from the land o' lakes, beer, bratwurst, and Bucky Badger. She traded in her cheese hat for a propeller beanie and has never looked back. She has two degrees from MIT because one just wasn't enough. Her life goal was to figure out the universe and having done that (at least to her... More
My company:
Stock Market Cook Book
My blog:
Stock Market Cook Book
  • Trade Alert! Copper ETF (JJC) breaks major support 1 comment
    May 5, 2011 12:39 PM | about stocks: JJC

    The copper ETF (NYSEARCA:JJC) broke major support at $54 on heavier than normal volume. Next major support level is $49.

    One options play would be a bear-put debit spread. The June $53/$49 is currently trading at a net debit of $1.60 ($2.30 for the June 53 put and $0.70 for the June 49 put). Maximum profit is the difference between the strike prices less the cost of the spread which is $4 – $1.60 = $2.40, giving a maximum ROI of 150%. The JJC chart is below.

     

    Stocks: JJC
Back To Dr. Kris' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (1)
Track new comments
  • rubberoptions
    , contributor
    Comments (403) | Send Message
     
    Dr Kris, I'm truly impressed by your resume. what's your forecast for CU in 6 months?
    5 May 2011, 03:46 PM Reply Like
Full index of posts »
Latest Followers

StockTalks

  • AF 1 due to arrive Palm Springs in a couple of hours. How appropos to have the POTUS here on President's Day weekend.
    about 6 hours ago
  • Leveraged etf lesson: Since 8/12/15 gold miner etf $GDX breakout, $GDX +9%, bull 3x etf $NUGT -12%, bear 3x etf $DUST -67%.
    2 days ago
  • Soft-ening: Ag funds $WEAT $BAL $CUT sliding to multi-year lows. Don't know how much more pain commodities can take...
    3 days ago
More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.