YOUR ACTION PLAN We have a nice setup here with Amgen (Nasdaq: AMGN). It has all the components I need for a long play: a trend, a pattern and a squeeze. I'm looking to buy either the December 16 or December 30 $285 calls on a pullback toward $282. The reason I'm suggesting two options here is that I don't want to give myself options that are too short-dated. I want to give myself at least a week and a half. So, if AMGN doesn't pull back until next week, I'll just go further out and buy the month-end options. When selecting an option expiration date, this saying has always helped me - when in doubt, go further out. Basically, there is no penalty for buying options with later expiration dates... they are just a little more expensive. | | P.S. Bryan is leading a FREE event tomorrow in which he'll reveal a brand-new piece of technology. This trading tool is 20 years in the making, and it's already shown potential for gains as high as 553% - in the same day! Plus, it can unlock infinite trading opportunities you won't find on any website or through your broker. Trust me, this is an event you won't want to miss. Click here to sign up. |
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