Example Options Trade WOW - ASX Woolworths Bought Puts

Just an example of the type of trades we place in the Planet Wealth Trading Room.

Disclaimer: This is NOT a recommendation in shape or form. I am not a financial guru!

Entry Signal 22nd July 2008 - Bought WOW $20 December 2008 Puts

Reasons for Entry:

• Head & SHoulders formation on weekly chart
• Proprietary indicators we use in the trading room are bearish
• 22nd saw a bounce of a significant area of resistance (= also daily H&S neckline)

This is a longer term trade.

When you come into the trading room, you will learn all the indicators our mentor uses to create winning trades. And most importantly you will learn when the enter and when to EXIT a trade such as this one.

The room teaches trading through technical chart analysis. Usually Johnny Howell (room leader) trades options (puts/calls) but you could use the entry/exit signals for any form of trading. For example:

• straight options - buy/sell puts and calls
  
• option spreads & strangles
  
• CFDs
• buy & hold stock
• basically any form of trade

If you're interested in learning from the best, the best way to see for yourself is to check out the "intro video" here. Johnny Howell's Trading Room Intro Video at Planet Wealth