PIGSKIN AUDIBLE - .007 Piggish Play - Long Shopify to 1150+
The market is going up. Thus, the prior .007 Piggish Play to short what's its name, is not an idea that I would champion with certainty.
Given that the market will likely "pull back" on the open, it will only do so for the purposes of offering an absolute gift of a buying opportunity. Further, the S&P needs to "technically" reach a new low on this last swing down, which will likely look like a long wick on the hourly chart by the end of today.
Take advantage and buy discounted 1030 strikes for July 10th expiration.
This will melt-up, rest assured.
-Replacement Pig
Given that the market will likely "pull back" on the open, it will only do so for the purposes of offering an absolute gift of a buying opportunity. Further, the S&P needs to "technically" reach a new low on this last swing down, which will likely look like a long wick on the hourly chart by the end of today.
Take advantage and buy discounted 1030 strikes for July 10th expiration.
This will melt-up, rest assured.
-Replacement Pig
Trade active:
Yo-yo,
All time high close + 1127 price target from GS = not a bad start.
Not a great day for the internet-content players, since AMZN got a bit of "unfortunate" news today, which held back everything else.
Weird - feel like Tesla received some similarly weird news today at a very inopportune time.
Oh well, play looks about right compared to how I pictured it. Could have used an additional 20 points at the end, but cannot complain overall.
All time high close + 1127 price target from GS = not a bad start.
Not a great day for the internet-content players, since AMZN got a bit of "unfortunate" news today, which held back everything else.
Weird - feel like Tesla received some similarly weird news today at a very inopportune time.
Oh well, play looks about right compared to how I pictured it. Could have used an additional 20 points at the end, but cannot complain overall.
Trade active:
Naht bad, naht bad at all. Still has 100 points of room (minimum), so I'll be cashing out on the button if there is a gap up of any kind.
But wait, there's more - I will also subsequently purchase next week's contracts with a strike of 1040 - 1080 when gap inevitably closes due to profit taking.
Unless bears manage to actually connect on a post-profit taking attack, I will be carrying this plan out.
Another toll-free tidbit: Shop is one of the VERY FEW stocks that makes some of its biggest moves on Fridays. An incredible feature for the contract-seeking folks.
-P
But wait, there's more - I will also subsequently purchase next week's contracts with a strike of 1040 - 1080 when gap inevitably closes due to profit taking.
Unless bears manage to actually connect on a post-profit taking attack, I will be carrying this plan out.
Another toll-free tidbit: Shop is one of the VERY FEW stocks that makes some of its biggest moves on Fridays. An incredible feature for the contract-seeking folks.
-P
Trade active:
This will follow amazon. Hold.
Trade active:
Got smacked today, tape was horribly weak. Of the open Pig Plays, this one should be looked at last. Still a bull until ER.
Trade closed: target reached
