Trade Updates: BTU, MOS
I was stopped out of my BTU puts and had to re-enter it again. Bought 20 Oct 55 Puts @ $2.40. I also added MOS 5 Oct 95 Puts @ $5.20.
MOS was highlighted in this week’s watchlist and is one of the Stock Trade Ideas. It is having hard time to break through the 200 dma wall of resistance and could be shorted here with a stop above 50/200 dma at 110.
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The 20dma has been acting as serious resistance as well over the last month and a half. I count 7 to 8 bounces off it. I have October 110 Puts so I’m waiting for a breakdown to!