Technical Resistance Broken Today. $ 16.65 Next Resistance.
My clients bought a lot of September $ 21 puts, a few minutes after the open. Could have sold at the close for a 70 % gain, but the $ 20.29 50 day moving average caved in. Advising everyone to hold puts for a sub $ 17 stock level. This stocks chart since June is way overbought. A healthy correction was needed. Wont get back to $ 23 until next year, Clients made a lot of cash on Sales Force $ 43 calls today. Options are the best way to make a lot of cash. Earnings seasons the best time, Still time to short this a few dollars more. Sept $ 19 puts now. Free advice. from Wells Fargo Options Division.
Short this at the open Tuesday. Support at $ 16.65. The Syria situation will erode the markets next week, September $ 19 puts are recommended. Call your local Wells Fargo office at 9 am tomorrow. An options advisor will set you up for shorting. Easy money.