I thought I would make a quick comment on Sugar's explosive move higher of late. Indeed, those October, 2014 $20 Calls suggested at or near $.46 are currently well into the .70 area (quote link).
As previously suggested too, if one were fortunate enough to have done the trade you would be wise to have an order working to sell half of the position at double your purchase price. In the original blog post write up I mentioned the low .90 area and I still like that as an exit point.
While I myself was unable to do the trade (no fill) I hope to see a pullback in price so I get a chance to get in on the long side before this move is done. A 50% retracement of this current run (on the daily charts) would bring prices back into the low 18 area and that is where I will be watching to trying to get in.
That's all for this post,
Brian Beamish FCSI
The Canadian Rational Investor
the_rational_investor@yahoo.com
http://www.therationalinvestor.ca/RI_Tradents.php#ODNTbloglink
therationalinvestor.ca
