Sell to Open ENER Dec 12.00 Puts
October 22nd, 2009
I sold to open some ENER (Energy Conversion Devices, Inc.) December 12.00 puts right before close. ENER is back above the 50 day SMA on higher volume. There is a lot of supply above $13 but seeing the higher volume does help confirm this recent move higher. I didn’t notice any fundamental news that caused the rally today and I don’t really care because price is the only thing that pays. I’m also long ENER in my taxable and IRA accounts.
ENER Hourly