|
Diamond Offshore Drilling [DO] March 65 calls 03/18/09 - 03/19/09 +1500% Dale Wheatley's Index Hunter service on Tuesday March 17th highlighed the strong weekly and daily MACD divergence on Diamond Offshore Drilling [DO] - close on 3/17/09 at 62.64. Dale expected the March 65 calls that were around 0.40 on Tuesday to move as much as a 1000% before the end of the week. He was wrong! As of this Thursday March 19th at 3pm eastern, [DO] was trading at 70.22 and the March 65 calls last trade was at 6.04 well beyond the 1000% Dale could see from the divergence. The chart below shows the weekly MACD divergence on [DO] and the last 2 days 30 minute price bars. |
That's a 1000%+ return in two days! |
![]() |