There is a sideways trade going on into earnings which I like for a nice gap up or down. You can play options and play above and below this sideways trade.. The gap down target would be the 50MA. If it's real bad the 100MA, but that would be a monster move.. And you can take anything above the sideways trade because that would turn into a nice gap and go swing trade..
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Congrats to anyone who played this obvious trade.. The PUTS are way in the MONEY right now..
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Sorry peeps that was for my NFLX trade above.. Hope you took that one!!!
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If your in this play short congrats!!! If this opens above the 100MA I would sell at the open when it hits this strong support. Don't sit around waiting to make your millions.. Take your money and run.. You can always get back in if it gets below the 100MA..