EngageTheTrade

Square Options Play (Strangle)

EngageTheTrade Updated   
NYSE:SQ   Block, Inc.
Got in this today before the breakdown. 66 calls and 62.50 puts. Seems like a move to 63.50 support is in the cards, if not 63 or more. Will sell PUT when up 100%+, thinking the power move will be in the call on a bounce. This can go $3-4 in a day no problem.
Comment:
Nice move down today. Puts up 100%, looking for gap down or flush in am to exit. Keeping calls to zero, imagine it sees a bounce soon, but maybe not strong one till new year. That's all spec though

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.