Nice. I had it shorted at 550. Jumped out at 541.5 and went long. Did a 540/550 spread to keep the cost/risk down. Pretty happy so far. My girlfriend wants to by a straddle at the close next Tuesday before earnings. Told her good luck with that. Told her if she wanted to play earnings, sell the straddle and buy a strangle 10 points out. Stock would have to jump 60.00 to get to B/E. Told her it's her money, just my advise. Thanks for the trade setup. Made it easier to pull the plug on the short with your chart and not give back very much profit. Thanks again. Russell
StockPickingEnthusiast
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@plcrjk, Good job buddy. We are all out here trying to become consistent in our execution. That is the number one thing I've struggled with.
I had a 555/560 call spread over-night and bought back the sold $560 when it broke underneath $540 then also bought some a bunch of $550 calls same time.
When it hit $544 I sold some $552.50 calls against them to manage some risk and lock some profits in.