Bunge jumped very nicely in the two days after earnings.
(or should that be Bungy jumped...lol)
Seems to be stalling at its technical resistance around $72.50. Covered the Feb $70 put which was sold on Thursday for $.20. The small remaining yield did not seem worth the risk of holding for a few more days. This option trade yielded 2.2% of risk capital in 2 days!
Still bullish on Bunge and will be looking for ways to add a second lot to this trade on any pullback.
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