Although I am not very on the market as a whole, I see this as very good opportunity to grab some long calls for MA.
With MA being a very stable company, I do not see why they would drop anymore than they already have, also its been following this trend for the past 5 months.
- The way I will be playing this is on a clear break of 361.70 resistance, I will grab some 4/16 365 calls.
My price targets are listed above on the chart also:
PT3: 384.30+ (free runner)
Again I will say, I am playing this very wary due to the awful market conditions we are in so if you play this with me, please use a small position as I will be doing the same!