Alcon (ACL) trade

OK if you placed the trade today you better have recieved .70 to .80 for the spread. A much better % for this trade. I am not too concerned about the rise today. It is not based off any news and if we look at yesterdays bar it could be looked at as in the shape of a reverse lincolns hat which would indicate a rise the next day. Todays was in the shape of a Lincolns hat which would indicate a drop the next day.

If you did not get into the trade today you can easily wait a couple of days and see what the stock does. I still think it is a good trade as the stock will not break $110 unless some unexpected news comes about. However I would place the trade no later than the end of trading on Friday.

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