Reallifetrading
Short

GPro bear call

NASDAQ:GPRO   GOPRO INC
12/12/14 per plan above, GPRO             appears more bearish than bullish . Check marks for bear call spread. #1 closed below support. #2 Volume increased #3 Got more than 10% for exactly 2 weeks. #4 EMA’s have crossed bearish . #5 Got a retest gap today on the hourly. We did retest the EMA’s on the hourly and begin to fail. #6 It’s nicely above the prior candles and previous resistance. #7 No divergences and stock is nicely inside the bottom Bollinger band . #8 Spread is above the 100 simple moving average . #9 New black crow (which confirmed bearish trade) on 12/10.
I will not even LOOK At this spread, or REMOTELY worry about it unless we get a gap up that traps many people on the hourly and daily and we begin to close above $69.

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ucspider
2 years ago
Hi
The plan looks great however, maybe I am missing something here. Looking at the options chain Selling $70 strike price will bring in $65c and buying the $72.5 will cost $1.10
Thanks!
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Reallifetrading PRO ucspider
2 years ago
Yep. I sold at a limit. Bid ask spreads were REALLY weird and quite wide. I set the limit order for .25 credit and it filled... so... LOL
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ucspider Reallifetrading
2 years ago
Well..... You rocks :-)
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damdaman
2 years ago
I agree, I think it'll continue to go down through the expiration and rally next year after those sellers are flushed out. I'm short gpro jan puts and I'm not worried either. I haven't been trading very long but I've already noticed that these analyst upgrades often come right before a sell-off.
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Reallifetrading PRO damdaman
2 years ago
Sweet. PLUS - owners of stock can start selling shares late Dec right? So - that should be sweet! damdaman - are you our Live Trading room? : )
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