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J. C. Penney Company, Inc. Message Board

  • bob.whitehill bob.whitehill Apr 17, 2014 10:13 AM Flag

    Options say $9 -9.50 by June


    Call options have been used up for this Friday and put options are not increasing significantly. What does that tell you? Bulls believe no more upside, but more importantly, bears are not betting on any more downside! But look deeper...future options bets tell a different story.

    May has pressure to take this stock to $8.50.
    June has pressure to shoot this stock to $9.50.

    They are going to try to shake you out. Look for under $7, and BUY LIKE THERE IS NO MORE TOMORROW if they give you that gift! It's written on the wall. Rally time baby.

    Sentiment: Strong Buy

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