cracking the resistance line in Linn Energy

I am building a bullish position in $LINE using the June options. The trade I have selected is the following:

  • Long the June 40 Call
  • Short the June 33 Put

Here is how the Daily chart currently looks:

LINE_BreakoutYou can see on the chart above why I chose the 33 Put strike, note the lower blue horizontal line. Here is the current action in the option chain showing my chosen strikes (seeing some action today that exceed Open Interest at a few strikes as well):

LINE_June_options

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