Monday, April 30, 2012

April 30, 2012 - Been Busy, Possible Short (MTW)

MTW has been trading in this slightly downward range the last 3 months. Hit the top today and dived down below the $14 support level on big volume.

Earnings on Thursday.

Something else to note, huge volume on May $13 puts (3000 compared to the other options volume on MTW around 50-200) 

Something else to note. About 700,000 shares went in around 9:50 am that sent stock down 3-4%

Disclosure: I am in $MTW $13 puts since last week

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