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My name is Jeff Kohler, and I am an Option Addict. I make money in the options market.

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"Of ICE and Men"

Here is a quick follow up to my post about ICE yesterday.

ICE- A quick look at the chart and this looks like a nice "rounded" bottom.

ICE-55.jpg

If you recall...there was a big buzz over the same pattern in AAPL recently...

AAPL-55.jpg

And we all know how AAPL has performed...

AAPL-552.jpg

Don't see the similarities? Line them up...

AAPLICE.jpg

Similar? Definitely. This was just an observation of patterns and wanted to see if anyone recognized the similarities. I went long yesterday at the close. My stop (mental) is a close below $150. My plan was to scalp a few bucks ahead of earnings. The options were relatively cheap enough to do this.

ivol.jpg

I bought May expirys. Nothing ventured, nothing gained.

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