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