Actionable Trade-Alert
from Rick in the Trading Room
(Please check all related discussion in the room before you do any trades.)
A busy thread this morning. My latest post involves a speculative possibility: using options to short NFLX, which is at a long-term rally target on the weekly chart.
|
11:48 |
som, I think Rick has stated there’s a buy with a tight stop at $24.76 (coming soon?) and a chance, but not great of $23.47. |
|
|
11:59 |
Silver is deeply mentally ill, reflecting the absence of conscience in the criminals who manipulate it. This morning, for example. It is nonetheless a ‘mechanical’ buyyy at p=24.785, stop 23.930 (240m chart, A= 21.425 on 10/4/23). |
|
|
12:00 |
||
|
12:02 |
NFLX will top at 632.47, so put-buyng is in order. Have an interview with Jim Goddard now, so can’t elaborate, even as a chart alert flashes in my face. (weekly, a=231.23 on 12/31/18). |
|
|
12:02 |
I was able to turn a volatile short from yesterday into some money on this mornings raid, too eventful for my taste. Mentally ill it is, well put, Rick. |
|
|
12:10 |
OK Then… sold 5 Apr 19 NFLX 600 calls @ 48.7 |
|
|
13:00 |
||
|
13:18 |
You sold them at the p midpoint of a clear pattern – a logical place to jump in. Consider selling a few more if the calls pop to the pattern’s D target at $57. If they get second wind, that is as high as they are likely to go, at least over the near term. Here’s the chart: |
|
|
13:18 |
||
|
13:30 |
As an alternative, subscribers can bid 0.95 for some NFLX 19 Apr 480 puts. This is a speculative bet, so don’t overdo it. The puts are currently trading for 1.10. This is a day order. |
 |
Virus-free.www.avg.com |