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PetroChina LEAP Entry

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PTR $194.32 - PetroChina LEAP Entry

 

Petrochina declined to 190.34 this morning, -$75 off its recent high and within 34 cents of our $190 entry point. As of 2:PM today it has rebounded about $5 and I want to take the entry here rather than hope we get another decline. With PTR down $75 from its recent high I think this is a decent entry point.

 

Buy 2009 $220 LEAP Call ZJK-AZ currently $32.20 

 

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