Actionable Trade-Alert
from Rick in the Trading Room
(Please check all related discussion in the room before you do any trades.)
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13:10 |
Here’s one for you option junkies — 98% of my subscriber list, as far as I can tell. It is a low-risk play predicated on MSFT’s NOT getting to the 440 target. In this case, p2=376.29 would be the most logical place for a trend reversal other than at D, so we’ll try to get short there. My choice is the Dec 1 350 puts for 0.35. I’ll spare you the thought process that led me to those puts at that price, but it’s partly based on a 15-minute chart for the puts themselves, paired with a gut feeling about how low they could trade if MSFT pops to p2=376.29 by Friday. Don’t do this trade unless it matches my guidance exactly. I am thrilled to see that Daniel K took an interest in p2 even before I did. Here’s the chart: |
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13:11 |
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