NOW 460 PE head & shoulders
Updated
In a market where stocks like MU have a 7 PE getting taken to the woodshed one has to wonder how this can have a 460 PE!? I have traded service NOW for almost a year off and on both long and short, mostly short. Head & shoulder clear on chart as I posted 6 months ago, bear market rallies are an opportunity for bagholders to exit overpriced overvalued stocks.
Trade closed manually
22 Puts I purchased Friday had an order in GTC 20% profit and executed on drop this morning, so, I'll wait for re-entry point.
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