Buy NLR January 25 calls at 2.00 or less. Risk 2/3 of the premium and expect this to go to 30.00-33.00 by next year's Super Bowl.
Market price will need to drop to 22.00 at least before you can expect a fill at 2.00 or less....or else it will have to trade sideways for several weeks. Also, these calls are thin, so drop your line in the water and feel free to take a nap.
Yes, put in a limit order for the price you want or wait until the market backs off, then do the same. You may be surprised at where you might be able to get filled, but usually it is fairly betwixt the bid and ask (which right now is about 2.25 or so).
Then I guess my bid of $1.00 is unlikely to fill...
I like low-ball offers...sometimes they fill.
(It's strange, the 0.75 bid is gone...it didn't fill, still no volume or open interest. I guess the bidder felt he/she couldn't compete with my generous 1.00 bid.)
BTW, there's no open interest in any of the NRL January calls.
I think a GTC order is safe here. Do you agree? ("drop your line in the water and feel free to take a nap" makes me think you do)
Seriously, this is the Obama railroad to alternative energy nirvana. It seems to me that it's a matter of time (and not a long time) before people realize that if they really want to keep their lights on and their houses warm without burning fossil fuel to do it, that nuclear energy is in the mix somewhere. Windmills are for Don Quixote and solar is for places where the sun shines.
29.38 is the 50% retracement of the range for this ETF and 33.28 is the 62% retracement....seems logical to me.....perhaps that's my mistake.....;>)