I Listed a few stocks last week that i felt were due for a strong move, united states steel, ticker 'X' was one of them. Technicals tell me that this stock should make a move higher, im looking for 120 area. I will be looking to get long this stock however they do have an earnings report coming out on tuesday so for every 100 shares I purchase I will be buying a protective put option to cover a sharp sell off. I do think earnings will be the jump start to the upward move im looking for but I do want to limit my downside risk.
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