Attention has been on 
BRKB after they gapped down 1.5% and continued to a low of -4.5%. After finding support on a monthly level @ $209, we decided to grab a small yet powerful position in weekly calls...
~
The stock currently sitsat $213 which almost looks like a 50% retracement from todays move.
Heavy weekly support @ $208-$209.
Watching the orange trend line as support as well, it holds strong on the weekly timeframe.
Possible long on a break & close above $215.6
Upside targets: $222
Possible Short Entry: $208
Caution needed moving forward.
Options Play Signaled:
BRKB $217.5 9/25 Call @ $24 (up 120%) (these closed @ $215 yesterday)
We grabbed these right before the bounce @ 70% off from yesterday's prices. This shows how powerful buying against implied volatility can be while trading options.
DotcomJack | Picasso of Stonks
BRKB after they gapped down 1.5% and continued to a low of -4.5%. After finding support on a monthly level @ $209, we decided to grab a small yet powerful position in weekly calls...~
The stock currently sitsat $213 which almost looks like a 50% retracement from todays move.
Heavy weekly support @ $208-$209.
Watching the orange trend line as support as well, it holds strong on the weekly timeframe.
Possible long on a break & close above $215.6
Upside targets: $222
Possible Short Entry: $208
Caution needed moving forward.
Options Play Signaled:
BRKB $217.5 9/25 Call @ $24 (up 120%) (these closed @ $215 yesterday)
We grabbed these right before the bounce @ 70% off from yesterday's prices. This shows how powerful buying against implied volatility can be while trading options.
DotcomJack | Picasso of Stonks
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.