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 $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.