Big bear flag has formed, if the market melt up and goes parabolic, this could make it back to $45, and if it does, I'm loading the g'damn boat with puts.
Eventually the bear flag will break and this heads down to $25 area. If you don't think that's possible, go look at the daily chart for BLDP. Market is selling off money losing stocks with no growth.
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Well 5% is a lot in 30 minutes so I dumped the $40 puts to lock in profits and still holding $20 35 puts because I bought them for $.30 on Friday, lol.
Locked in the win and riding it out now.
Trade closed: target reached
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Flippping my puts this morning
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Looks to me like a bear flag, and it doesn't go up more than $2 a day so I snagged some $35 puts again. Keep in mind I'm playing with profits, it may just go sideways here....
My chart actually has the market gapping up Monday so it might be wise to wait. Will add $40 puts if it goes up $2 on Monday
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I don't know if this is headed back up to $42 or not, depends on the market. If they take NDX back to the high, this can go to $42.
Decided to add June $30 puts for earnings though. Keeping the play small until Monday.