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bageltokki
Mar 22, 2017 1:42 AM

short msft - study Short

Microsoft CorporationNASDAQ

Description

shorted MSFT March 16, sold 65/67.5 spread puts. the sudden jump this morning worried me but within a few hours it mostly likely proved to be a stop run (on NFLX & QQQ as well)

Saw indices diverge (SPX and DJI made lower highs but NDX made higher highs), identified 2 stocks in nasdaq 100 that were divergent to NDX (BIIB and MSFT) on March 15th after close.

Markets opened march 16 and BIIB gapped down 5%... so only could short MSFT.
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