The Options Trader’s Guide to Technical Analysis
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#3 NITE April 17.50 Calls
By Andrew Houghton, Big Money Options
From the first tip through the championship game on April 5, stocks that have the highest probability of moving are those that have some type of
event taking place during March Madness — like Micron Technology (MU),
Schnitzer Steel Industries (SCHN) and Worthington Industries (WOR).
At the same time, the premium that you will dearly pay for will be instantly sucked out like a buzzer-beater three-point swoosh.So, instead of flipping a coin on earnings, and since I haven’t been tipped on the next takeover, nor do I have any insight into the next FDA announcement,
I’m going with one of my favorites, the “Dark NITE.”Knight Capital Group (NITE) is a financial services firm that provides
market access and trade execution services. Over the next couple of months, I expect the news from the jobs market to improve. The stock market has
a strong correlation to employment trends. A further improving stock market will bode well for financial services firms and NITE.Technically, the stock is in great shape and is ready for a tourney run, so my pick is the NITE April 17.50 Calls (QTN 100417C00017500).
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