I have posted a short trading idea of ROKU a few days ago. Already took profit and flipped long at closing. 270c for next two weeks looks like a good risk reward, but always prefer to grab at least 4 weeks to avoid decay, long stock is less stressful for many as well.
You nailed it, it broke $225, how do you like ROKU now?
gumoca
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@motionrelative, not yet, but soon. $176-$183 nice support perhaps if it continues to tank. This time around Black Friday won't help much I think, unless something comes up. Maybe one day this could trade $98 MOAS (mother of all supports looks like)
motionrelative
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It seems to have rejected the gap at 268.14, the daily has just gone green. What do you think?
gumoca
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@motionrelative, almost turning red. It could possibly turn ugly by Monday. $220 put premium increasing. I think so far so good, but would love a break below 225 first.
sarav_sub
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@gumoca, where are you tracking the changes to premiums?
gumoca
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@sarav_sub, tracking changes to premiums will let you know what market maker thinks. If he thinks SQ may trade at $225 by end of day you'll see premium going up before any significant movement. Putting 1 call 1 put a few strikes away in watch list for example and monitor them, see what they do.