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Option Traders Ride Momentum Break in $FB
When a trader knows how to use options properly and they catch the break in momentum at the right time it makes the trading game much easier. In our TNT Option Trading service we identified a support area in Facebook(FB) in our webinar held on June 5th for our subscribers. With the stock price reversal […]
When a trader knows how to use options properly and they catch the break in momentum at the right time it makes the trading game much easier. In our TNT Option Trading service we identified a support area in Facebook(FB) in our webinar held on June 5th for our subscribers. With the stock price reversal that was happening on the 5th… we said that FB may drop to the support area and test…and if it fails we have another leg down.
Subscribers were able to jump into June 8th expiration 192.5 puts for about $1.8 as stock was at the $192 line. At the low of the day these had intrinsic value of $3.39 as the stock hit $189.11. Our subscribers are taught how to roll their options to limit their risk and lock in profits. For those that held the original position their $192.5 options hit intrinsic value of $5.73 the next day at the stock low of $186.77. Most traders probably exited near the close as the stock rallied back up to $188.18 and options were trading at $4.35 bid.
Subscribers confirmed some of their returns in our webinar this morning. Congrats Walter and Angel:
