Saturday, October 13, 2012

$ANR Options Action trade - scott

12 oct - sure wish Options Action could be a little more headsup on their stock pricing for their graphics, in the web extra today, scott nations as usual making a recommendation for a viewer on ANR. in their chart they show the weekly chart and a monthly chart with a price of $8.55 but if you look at the price range per freestockcharts.com, the friday range was 8.42-7.55 with a closing at 7.89 ... thats a 10% difference . heres the video clip web extra

Buy the Dec 8/6 put spread for .70

i dont know if they recorded this hit on thursday when stock was actually 8.55 or if they are not paying attention but it smacks of fishiness. cant update the graphics right before airing? so this put spread is going for 10% higher now.. not a huge amount but in the interest of transparancy i would like to see or hear some comment like "when i looked at the stock on thursday" or "when the stock was trading at 8.55, you can get this put spread for .70" vs hindsight trading or taped delayed trades.
    regardless, scott makes a good case for why to buy a put spread vs selling a call spread. im not in the coal space so i dont follow this name. my beef is with the lack of attention to detail.. can be misleading if you dont pay attention. see all of scotts on-air trades in this google docs spreadsheet



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