FTO

This week is options expiration week. Tomorrow, the Fed's meet. The market is anticipating a rate cut. However, based on these two events, no new positions will be taken. FTO is probably an exception. I am hoping it will pullback to the 20MA which is around $42.50. At that point, I would like to see more volume to confirm a resumption of its upward trend. If this happens, I will take a 1/2 position. If it closes above $45, i will initiate the other 1/2 position.

Targets: $46...$49.