PEM
Broker called me today to warn me about my NWS position. It was touch and go, luckily it didn’t get assigned/exercise. My NWS position is 29.50/29.0, and he said that some of the $30 puts were assigned. In short, close call…. that being said, the market bounced back today so nothing too exciting happening for today for NWS.
 During our conversation he mentioned that PEM was on a pull back today and he told me the price, I had a look at the graph and PEM has pulled back to a support level and with another support level not far below. Based on the technical information from the chart and that I have previously traded PEM and I expect PEM to trade back up to its previous high of over $5.60. With all this information and since I had some idle cash in my CFD account I decided to re-enter PEM @ $4.31
My Trade
Buy 4,700 PEM @ $4.31 (Total Purchase Price = $20,257)
Margin Required: $2,257
Interest Cost: $4-5 a day
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