Home > Trades > Sell to Open MMR November 7.50 Puts

Sell to Open MMR November 7.50 Puts

October 9th, 2009

I sold to open MMR (McMoRan Exploration Co) November 7.50 puts. Price moved back above the 50 day SMA yesterday on higher volume. Lots of support in the $7.40 area on the daily chart too.

I actually had an order in yesterday after the breakout but it didn’t get filled. I tried again today on a low-volume pullback and caught a bid.

MMR Hourly

MMR Hourly

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