Trade Alert: Selling The Rally
Taking advantage of today's bounce to open a bearish trade.
Selling The Rally
We’ve got a nice bounce in the Nasdaq today. I’m taking advantage of it to buy short dated puts on one of its leading components. The last time I did this, I exited them for gains of 200% and 2,633%, respectively. I don’t think we’ll get a >2,000% profit this time, but we might have a shot at a 100% or 200% gain. If I’m wrong, our max loss here will be 100%.
Details below.
