NYSE:SNOW is gapping up on earnings. I am looking for an entry at 167.22 or 170.07 for calls to 175-185. I am risking $1 to make $5-10 on this trade.
If it gaps over the level I will enter on a retest. If it gaps slightly below, I will wait for a break above and retest.
This fits all of my criteria for my favorite type of setup. A gap over a structure/range...
NASDAQ:NFLX
Thesis- Netflix was trading in a 6 day range below a key resistance level. Friday it appeared to attempt to breakout. Today I was willing to take NFLX calls at 620.84 and adding to my position at 622.99. I was extremely confident that above 623 we would trade up to 630 and 633.54.
Entry- I entered on the 5m higher low at 950ET. This was a high...
