Looking for Perspective in CF Industries

One of the stocks that I trade frequently is $CF (CF Industries Holdings). Today, several people have asked me questions regarding my take on this after earnings “fade” on the stock – so I decided to do a quick post to show some perspective on how the stock has been trading.

Here is a Weekly chart:

Now matter what your timeframe is for your trade, I always recommend getting a few different looks at the chart for the stock.

Disclosure: I was long the stock with the May 4 Weekly 210/190 Collar (short the 210 Call and long the 190 Put). I sold my stock in pre-market action this morning, and then executed my plan to get some value from the long Put option (which I have done). I also noted that I will let the short 210 Call expire today.

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