Patriot Coal Corporation (PCX) June Puts
March 4th, 2011
Sell to open PCX June 16 strike puts. I made this trade before close yesterday. Support at 21 and again at 16. The April 21 strike puts would be a riskier alternative if you are so inclined. ANR is another option in the ‘Industrial Metals & Minerals’ industry.
This chart is from yesterday. It is up ~2% today.
PCX Daily/Weekly