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Looking for the bear call spread to be above the 100/200 SMA on a daily AND above the 100 SMA on a weekly.
And if MMM pulls down a bit (because of some market selling) will look to get into a bull put spread ~ completing the condor
I WANTED to buy puts on this last Friday, but was too chicken BECAUSE the IV was too high , spread was too large and it was hard to 'mitigate risk'.
Overall though, TLRY is coming lower to AT LEAST fill this gap.
Don't be long.
If COST gaps up into the green zone, bullish short term on earnings. Maybe a day trade
If COST gaps DOWN into the red zone, bearish short term. 200 SMA on the daily would be a target, but bulls would certainly be trapped.
PLAY is down huge on earnings. I LIKE this company. Others prob do as well. So, with it being down 14% or more RIGHT NOW, it eventually fades I would imagine. Watch for a quick thrust lower and then keep an eye for the bullish fade tomorrow or the next day. It's simply one I'll be watching and REALLY cautious on shorting it.
Aggressive trade. Pays decent.
SORRY. Numbers are WRONG on the screen. 15/16 bear call
And I think we could unravel nicely IF it does breakout. I'm not sure if I'll be able to exit early for any profit, but if I can, I'll try
For those who enjoy harmonic patterns, NFLX is pretty much in a perfect GARTLEY on a weekly. 100 SMA is here. IF NFLX does not hold this level... the bears will feast.
Bullish to neutral, cautiously from here.
I will say NFLX has been throwing out some FIRE with those Christmas specials... ;-) And new shows