Update on BABA bear call spread5/21/15 Leda and others in a 92.50 / 94.50 bear call spread.
Unraveled on 5/21/15.
Nice retest gap today. Appears to be closing over the strong resistance of 92. Likely will pull back a TAD on the 15 min and hourly but edge does appear bullish for the next few weeks.
Sell to open the 100 May week 5 Call creating a bull call spread.
Stop for this bull call spread should be approximately 90.
Bearcallspread
SCTY bear call spread62.50 / 65 Bear call spread .15 limit (looking to leg into a 45/44 bull put spread making an iron condor)
March expiration.
I would not even LOOK at this bcs unless we close above 59 on the daily
AO 2/23/15
GPro bear call12/12/14 per plan above, GPRO appears more bearish than bullish. Check marks for bear call spread. #1 closed below support. #2 Volume increased #3 Got more than 10% for exactly 2 weeks. #4 EMA’s have crossed bearish. #5 Got a retest gap today on the hourly. We did retest the EMA’s on the hourly and begin to fail. #6 It’s nicely above the prior candles and previous resistance. #7 No divergences and stock is nicely inside the bottom Bollinger band. #8 Spread is above the 100 simple moving average. #9 New black crow (which confirmed bearish trade) on 12/10.
I will not even LOOK At this spread, or REMOTELY worry about it unless we get a gap up that traps many people on the hourly and daily and we begin to close above $69.