After yesterday's activity in Intrepid Potash, Inc (IPI) I kept this on my radar this morning and watch list. Prices saw an early reverse which lead to a nice breakout trade early morning. Later in the day interest faded and became choppy. I took two day trades in this today, one winner and one loser. I walk you through the setup on both trades and also how I executed the trade.
TiVo Inc. (TIVO) a name that exploded from when I first posted about the unusual call activity that was being traded. I take a look at the chart and see where major resistance lays and what could happen.
Energy Conversion Devices, Inc (ENER) is a name that is a frequent takeover chatter and CNBC pump and dumps. Two days ago I picked up unusual activity taking in the place in this name due to "chatter", however the activity showed me something different than I normally see, which lead me to send out a trade alert to OptionSIZZLE members. We jumped in the February 12/13 vertical call spread for $.30, which closed at $.45 up some 50% in 2 days.
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Follow alongside professional trader Josh Belanger as he follows the footsteps of the smart money traders, while he educates you and points out the trades that have the highest probability of making money.
