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UnknownUnicorn1020621
Jul 12, 2019 1:58 AM

Am I dreaming? Long

PepsiCo, Inc.NASDAQ

Description

THIS PATTERN IS SO PREDICTABLE. HOPEFULLY, I AM RIGHT OR I WILL LOSE SOME MONEY :p
Comments
sanjaysethi
How much did you lose?
UnknownUnicorn1020621
@sanjaysethi,80% down on oct calls.
UnknownUnicorn1020621
@sanjaysethi, I could have played short term puts but I had other plays XD. That was a clean trend break. BIG $$ on put side.
sanjaysethi
@WaveAzzReaderz, have 131/129 bill put spread expiring tomorrow. May roll out for 6-8 weeks at same strikes and then quickly buy back the 131 short and keep the 129 long put....and hopefully downward trend continues.
tonysandyasmar
Will it come up or keep going down
UnknownUnicorn1020621
@tonysandyasmar, Don't know but my setup is no more.
DaddySawbucks
I remember owning it for $33... sheesh!
Vaggitarian
I think it would have to be a quick move up. It really looks like it could roll over a bit and go sideways for quite a while before resuming the climb.
UnknownUnicorn1020621
@Vaggitarian, up by 22nd july.
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