The stock has been the obedient slave of our Hidden Pivot targets, implying it is likely to provide a precisely tradable bounce from the 413.00 Hidden Pivot target flagged here earlier (see inset). You can bottom-fish there any way you like, but if options are your preference, try buying the lowest strike with an August 1 expiration and a sub-$1.00 price. Stop yourself out if they trade for 0.20 less than you’ve paid for them, but make that order ‘one-cancels-other’ with an offer to close out half of your holdings for twice what you paid per option. _______ UPDATE (6:44 p.m. EDT): Save some ammo, by the way, since a decisive breach of 413.00 would portend more slippage to 409.83. A tradable turn from that number seems so likely that you can bottom-fish on your own terms, eschewing the tight risk-management that I usually advise. _______ UPDATE (July 30, 2:24 p.m.): A short squeeze projecting to 432.67 has just about run its course. On the 3-minute chart, here are the coordinates; a= 419.00 on 7/28 at 10:33 a.m.; b= 428.39 on 7/29 at 10:51 a.m. ______ UPDATE (August 3, 6:02 p.m.): Check out Friday’s chat room discussion, since the target I proffered for a potential ‘jackpot trade’ using expiring options hit a dead-center bullseye. If any positions resulted that survived the weekend, please let me know in the chat room so that I can establish tracking guidance.
