Articles

When last we looked at Santos I left you with a little challenge to spot why I wouldn’t take an ABC short trade that was signalled on Tuesday 1 December. How did you go? It’s not too late to go and have a look now before you read on. The simple reason was that Point B, which occurred on 27 November, sat on the 50% level of a major range. To find this we look at the Weekly Chart, as follows.

Welcome to Part 11 of my series of articles on the Butterfly. In this week's article, we will continue looking at the Risk Graph page. We will work with the same Butterfly we have been working with throughout the series, the Apple Computers (AAPL) Oct 09 155|175|195 Call Butterfly. At the time we constructed the trade, AAPL's price was about $173.