Possibly. But would have been a weak out. Reddy was atrocious. One boneheaded decision after another.
Or, many of us owned the calls and went short the stock against them to lock in the win. Just what happens when everyone plays the same way. It will get 133 again.
You begged for 133. WW says no worries, you will get what you need. So you get 133. And today, you're still complaining. Don't know what else to say.
As an added note, did not roll 2 to 6 as planned. But did roll a 1 to 4 potential trade. So 2 to 6 already locked in. Looking to add 3 bucks back to it or lose the buck.
You can't always get what you want. But if you try sometimes, you might find you get what you need.
TWTR told you last night that, to ONLY their surprise, they are not getting as much of the social ad budget as they expected. Even referred to the 'more scaled competition' as eating their lunch. Remember when I said listen to what companies tell you during ER season and learn to interpret. Would be amazing if they gave you a 4th entry under 121 today. Only thing that can screw it up is the Fed. They do nothing, as expected, and FB has a recipe for 130. Remember, it hasn't gone anywhere in 3 months. While market ripping ATH. Zuck is tee'd up to bring everyone back to market.
I mean, Reddy was so bad you would think stock would rally on his leaving the co. But seems market still believes it goes to zero no matter who comes in to run it. Oh well, at least we can still eat there every week until that happens. Nothing seems to buck the weekly NDLS, Chick-fil-a, PNRA, CMG and the occasional MCD (for breakfast only) stops. Panda and BWLD fit the occasional trip as well. These are STILL the family staples for FF. Nothing else exists. CMG lost its way for several months but some of the WW's are starting to roll the dice with their lives there again. But it has certainly fallen in the ranks.
You're right, WW has no clue. Anyone that tells you otherwise during ER season is even more clueless.
I have placed my bet. It is hedged to a can't-lose 2 to 6 win already. Considering rolling another 2 to make 6 but will wait til tomorrow to put it on if so.
Many could fix this co. Pretty simple. Reddy was cast as a CMG star. The emergence of competition in the space the past few years proved he did not know what he did not know. Gave him the benefit of the doubt for far too long. But he is pretty terrible. Back to managing the MCD kitchen is a more appropriate role for him.
Timeframes matter. 150, in time for split, is ONE option. This move, 125-27. Or, back to the Citron 115-18. I hesitate to give you a 3rd price. Just depends on whether we are in 1999 or not. Ode to Prince.
You told me the blip wasn't a tradable event. I told you it meant 1 of 2 things and was betting on it meaning a rip. Stock even gave you a second entry under 121. Does it give you a third. Patience is a virtue.
So WW said NFLX miss, fund flows to FB. NFLX hit, fund flows to FB. Win, Win. NFLX missed and FB ripped. Now, you have a second chance to make a first impression. AAPL and TWTR tonight. You can expect a similar reaction. Even moreso because FB reports tomorrow. Panic and Euphoria are our oldest and best of friends. Remember when GOOGL used to spot FB the first 5 points circa 2015.
Means one of 2 things. Either too many sellers, not enough buyers, so flash sale told you stock was headed back to sub 118 in near future, where buyers were willing to step in. OR, not as many sellers as you think ahead of ER. So flash buy was able to pick off and sweep all the stops to build a Long position. To WW, looks like the latter for a play AHEAD of ER. But, it's an expensive trade.
Just how the game works. Always need a patsy or hero. Yesterday we said play the chalk. This DG goes right along with the chalk.
Stock should have got 123/4 in a flash after 121 break. When it stalled at only 122, there was a problem. And it said time to protect for or play the downside of the Mountain Pattern that The Duke once explained to you.
Don't know about that. But, IF like WW you have the 109 ER calls for 2 bucks, then today is a day you lock this one in to a 2 to 6 profit by buying puts for 2 bucks. Who knows, IF start of a pullback into report, you may be able to sell puts against it to move the trade back to 2 to 8. And IF not, you don't complain with 2 to 6. Add this to the daily wins we've had the past 3 days and you are smiling today.
Stock is set up to get 124/5 before ER. But stock appears to be paying the chalk, meaning up 3/4 days followed by down 3-5 days. Also, market is playing predictably toppy from technical resistance at 2176. IF gets thru that, then you have the recipe to get the high note. Otherwise, you play the chalk like WW is doing above.