April 18, 2013 Trade Alert #2 - Terry’s Trades Portfolio

Texas Instruments announces next week and there is often a move higher in advance of this event.  The stock is currently in a “very oversold” RSI (19) and historically that has been bullish. There used to be Weeklys available for TXN but no longer, so we can’t do a PEA Play.   We will make this small investment in the May calls at a point when the stock is trading just above $34:

BTO 3 TXN May-13 34 calls (TXN130518C34) for $.98
 
Be prepared to change this price limit by $.05 or more in order to get an execution. 
 
Happy trading.
 
Terry