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ZenMode
Oct 5, 2019 4:48 AM

Delta neutral on #COST $cost 

Costco Wholesale CorporationNASDAQ

Description

This thing loves the 100dMa JC...

For the serious trador lets see how this plays out...

Trade is:

Buuy 265 P
Sell 280 P
B 315 C
Sell 300 C

LOL just wait for the amaies to say this is a bad trade. already up 8.1% and opened this trade within 5 mins of market close

Comment

+5.2%

Comment

+8.9%

Comment

+2.1%

Comment

+4.5% LOL at my spelling earlier. Too much irish coffee that night. :P

Comment

+3.4%

Comment

+9.8%

Comment

+9.5%

Comment

+10.1%

Comment

-16%

Comment

+9.3%

Comment

+36.6%

Comment

+33.8%

Comment

+40.4%

Comment

+45.7 (got up to 49% at one point)

Trade closed: target reached

Closed

Comment

36.8%
Comments
ogdabber
I would’ve suggest 285 and 295 as pivot points in this trade, but if you’re comfortable with this, it should work well and is still very sound. You will prob see at least 30-50% gain depending on how this is split up. Nice work.
ZenMode
@ogdabber, thanks! Fingers crossed
ogdabber
@ZenMode, today went well! Should be breaking into new area either tomorrow or soon, and hold through close... institutional money will move into it and help push back into 300+
ZenMode
@ogdabber, pretty much how it played out.
ogdabber
@ZenMode, this upcoming couple of weeks could see some major volatility for COST... could have upside potential of 320+ if it gets really bullish... I’d keep some contracts open just in case... anyone who doubts COST from a “technical” standpoint clearly does not know the company and its worth—it’s worth more than NFLX, and NFLX will recover eventually too... they are lifestyle companies, like AAPL and AMZN
ogdabber
@ogdabber, and of course the common/average lifestyle changes over time, but the time for these companies is NOW... at least for the foreseeable future in my opinion...
ZenMode
@ogdabber, 281-298
ZenMode
@ogdabber, well im still in the trade but riding it delta neutral. Up or down.
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