(This is an excerpt from an article I originally published on Seeking Alpha on December 12, 2012. Click here to read the entire piece.)
{snip} It is CTSH’s sixth straight positive close on strong buying volume. CTSH has closed up 9 out of the last 10 trading days.
Source: FreeStockCharts.com
Despite the strength on display, traders continue to dabble heavily in put options on CTSH. {snip}
As I stated earlier, my bias remains to the upside. With this bias, I am assuming that the heavy put volume is driven by traders looking for premium ahead of the next phase of CTSH’s rally. {snip}
Be careful out there!
(This is an excerpt from an article I originally published on Seeking Alpha on December 12, 2012. Click here to read the entire piece.)
Full disclosure: no positions