$CF setup for April entry

6mar - was down 6-7 points when i got back this mornings, per yesterdays setup was looking for a test to the support line/50day area..

Sold: Apr 150/155 credit put spreads at $1.05 x10 . Trademonster shows a 77% probability of max profit. strikes under the 200day MA

5mar- have had a downgrade since original post. stock is around 180 now,, still watching for a pullback to test the 50day/support line. have put a 145/150 credit put spread in saved que. alert set at 176


havent had a chance to get back into this one for few months, was always waiting for a pullback. Had a really good run since december. For April opex will be looking for a pullback to test the small support level near 175..this coincides with the rapidly approaching 50day moving average. Earnings as of now look to be after the april opex so that will not be a factor. If stock pullsback to near the 175 area will then use the 200day moving average to shoot against for support protection. so will be looking under the 155 level..probably first spread level ill check is 145/150 credit put spread. Ideal would be a rapid selloff with rest of market to juice up the premium a bit. will update if / when i enter.