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Dr. Kris
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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
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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
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  • rubberoptions
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    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
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