Option Swing Traders Cash in $PANW

Swing trading is all about catching the momentum at the right time to ride the wave long enough to make a profit.  In our TNT Pro Options Trading Swing Service we analyzed Palo Alto Networks ($PANW) in our webinar on Tuesday June 19th.

Our trading notes went out to our Pro subscribers on Monday Night (6/18) :

• PANW (211.84) $213.30 flat line failure. $207.20 is next support. False breakout here.

The stock proceeded to break the flat line support at $213.30 on June 21st and get down to a low of the day at $$209.68, but closed at $212.70.

If you had bought the $212.5 June 22nd put on June 21st for $1.42 (closing price with stock at $212.70) you would have had a nice score the next day.  On June 22nd (expiration) the stock dropped to $205.88 and closed at $207.59.

Traders had to make the decision to either roll the position or exit the trade.  Most of our subscribers simply exited the position with a nice win.

Those who bought the 212.5 put were able to exit the trade for around $3.00.

Our subscribers reported profits of: 75% (Mike B.) and 110%(John C.)….Congrats!