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Price Break Provides Option Profits in $PANW
In our TNT Options Trading Service on February 4th, we talked about Palo Alto Networks (PANW). After watching the trend and the broader market, we suggested simple targets for $PANW if it should break either above or below its key $219.25 flat-line. The next trading day, the shares of $PANW opened higher but quickly moved […]
In our TNT Options Trading Service on February 4th, we talked about Palo Alto Networks (PANW).
After watching the trend and the broader market, we suggested simple targets for $PANW if it should break either above or below its key $219.25 flat-line. The next trading day, the shares of $PANW opened higher but quickly moved lower, offering an entry into a put position, and would drop down to another flat-line which provided an opportunity to practice discipline and roll the position. The stock continued to move lower in a couple of mixed sessions before it bounced on support Thursday, offering a position to enter calls which would lead to a better than eight dollar move in the underlying, rewarding call buyers as well as it had rewarded put buyers on the way down:
Subscribers took advantage of these opportunities and were able to profit around 45% on the downside and on the upside!