PINS - Gap Fill to the $70 level In Play

Confirmed buy-out offer at $70.00 for PINS by PYPL.

Turns this pattern into a bull-flag and makes the gap fill at $70.00 a definite possibility likely very soon.

(Opinion only)

Trade active:

Trade active:

Sold my 10/22 $70 calls for about 50% profit and rolled out into some 10/29 call spreads with a 4:1 profit/risk profile.

(Not advice, just sharing my strategy)

Comment:

Trade active:

Bull Flag intact

Above green-line (green means go)

Target 1.618 fibonacci extension which coincides with the $70 gap-fill.

Buy enough time to see it play out if playing. (not advice).

Trade closed manually:

PYPL no longer pursuing.