I've made good profit playing MSFT calls over the past year. But now I'm seeing evidence that a major top is in, and there will be some explosive downside near/mid term.
Sell zone is 410-420 (so if it goes to 420 I'll take that as a gift to load June puts). Expecting the reversal to the downside to begin by May 10th.
Target 1 = 399 by 5/17
Target 2 = 390 by 5/31
This is setting up for further downside to 380s at least, probably a lot lower.
~Sincerely
Willy G.
Sell zone is 410-420 (so if it goes to 420 I'll take that as a gift to load June puts). Expecting the reversal to the downside to begin by May 10th.
Target 1 = 399 by 5/17
Target 2 = 390 by 5/31
This is setting up for further downside to 380s at least, probably a lot lower.
~Sincerely
Willy G.
Comment:
Entered puts.
Comment:
Added puts. Its about that time.
Just golfed with Billy and hes short too, bogeyman.
Just golfed with Billy and hes short too, bogeyman.
