Sell to Open ENER Oct 13 Puts
September 17th, 2009
I sold some ENER October 13 puts in my taxable account. I actually made the trade this morning but didn’t get around to posting it until now. The chart looked a lot better this morning. The price is back above the 50 day SMA and the 50 day SMA has flattened out. ENER made some big moves this week on higher volume. Support at $12.25 and resistance at $15.70. I am also short the September 12.50 puts in this account which should hopefully expire OTM tomorrow.
I am long ENER in my IRA. If there is further weakness I will sell some 13 or 14 strike calls.
ENER Hourly