CHK April 7 Calls – Holding the 200 Day MA

I bought CHK April 7 Calls today. As always, I look for two triggers before entering a trade.  Today, CHK gave me an opportunity that I think justified buying some out-of-the-money calls with 1-2 months to expiration. Starting with the underlying chart, the key here is that we are holding the 200 Day Moving Average, … More CHK April 7 Calls – Holding the 200 Day MA