Earnings gapped the stock up and it turned right back around quickly. My portfolio is filled almost exclusively with long and neutral positions so it was nice to find a good short position to add but the problem is that I have already allocated all of my funds in other positions. With a small account I take a few extra risk to increase it more rapidly; one of...
I see Yelp developing a channel between 37.31 and 40.95. There's a possibility that this flag pattern turns into a continuation of a previous up trend so I am cautious but today opened a broken wing iron condor to profit the most if it stays in the said range but still make a slight profit slightly above or below. If it breaks resistance, then I will roll the puts...
I'm watching Twitter this week, If it breaks 55.70, and confirms, then I want to enter a trade to ride the stock to 64.20.
The strategy I would use to do this is a diagonal spread that would be set up as follows:
Buy Aug20 45 Call ask:11.25
Sell Jun16 62.5 Call bid:1.00
mid: $10.10
This analysis is based on the prices over the weekend at the current price...
