Centex Corp [CTX] February 30 calls 01/17/08 - 01/25/08 +1000%
"You had the beginnings of a strong move in
place with the weekly divergence. You just needed the
daily MACD "fast" line to turn and confirm the weekly,
which happened on 1/17 and 1/18, so that was the best
time to enter this trade.........
A strong weekly divergence ABOVE
the signal line, as this was, will not just vanish in
a day or two.
The reason you could buy the 30 calls is
because the underlying weekly strength was so
significant and you were just beginning the new months
cycle for Feb options and had plenty of time for it to
move up to match the weekly MACD strength and, IT
DID!! 1000% +!!! That's the way it is always done!! If
it were closer to expiration week, it would be 5000%+
for the same move!"
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