TLM - Talisman Energy Corp
TLM daily chart now setting up. Currently breaking out the top of the downward channel.
http://onlinetradersforum.com/attach...tlm-png.19252/
TLM has a few minor level it needs to break before it looks to push higher. Max pain is on the crack of the 52w lo.
Disclosure:
Long 2500 share @ 9.90 (added today)
Short 25 Apr '14 $11 calls (covered) (added today)
Long 70 Jul '14 $12 calls (added 20 today)
TLM pushed higher today. Looking for next week to get a break of the 1st level of resistance then pushing higher.
http://onlinetradersforum.com/attach...tlm-png.19476/TLM chart update:
http://onlinetradersforum.com/attach...tlm-png.27925/
Nice break out from levels. Now testing another minor resistance before it takes out the $11.
Disclosure:
Long 2500 share @ 9.90
Short 25 Apr '14 $11 calls (covered) expiring today full premium collected. (Unless this breaks out at the eod)
Long 70 Jul '14 $12 calls
Been awhile since I posted on this one. Looks like it is setting up for another breakout test.
http://onlinetradersforum.com/attach...tlm-png.34460/
Opened a new swing position on this most recent pullback as well as expanded my position in the options
Disclosure:
3000 share @ 10.52
Long 30 Jun '14 $11 calls
Long 70 Jul '14 $12 calls
Short 25 Jul '14 $11 puts