It checks all of the boxes:

-Super cheap premium (lunch money cheap!),

-MACD Bullish Crossover, our favorite indicator,

-Highly liquid contracts that are easy to cash out,

-Just broke a key level to confirm big reversal potential.

You’ve gotta love it when you can find a trade that you aren’t priced out of and is playing on the broader energy moves we are seeing in the market. Take a look at the chart and see if this is for you.

PG&E (PCG) took a beating last month and as a result got very oversold. While it may take a long time for it to get back to pre Sept levels, we just need it to extend the current move a bit. Right now the Nov 20 14 calls are at .35. It has been seeing some swings within market sessions but is starting to make higher highs and higher lows consistently.

We are going to keep this on the radar and will update you.

Keep learning and trade wisely,

John Boyer

Editor

Market Wealth Daily