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Drop in $CMG -Option Trading Profit
In our Platinum Lighthouse Point Option Trading Service we covered the potential break in the 100 day Simple Moving Average in $CMG. This break led to a nice selloff down to and through our target of the 50 day SMA. The 100 day SMA break was at $306.77 and the 50 day SMA was at […]
In our Platinum Lighthouse Point Option Trading Service we covered the potential break in the 100 day Simple Moving Average in $CMG.
This break led to a nice selloff down to and through our target of the 50 day SMA.
The 100 day SMA break was at $306.77 and the 50 day SMA was at $297.60. The first day the stock only got down to $297.84.
Most of our subscribers took profits and rolled their options to stay in the trade!
Our 2nd day target came from a support line from 11-17 of $291.51. The stock kissed that level by trading down to to $291.55.
Subscribers had varying profits along the over $15 option trading journey.
