GOOG — What a Move ... and What a Team
I'm over the moon about the Edumomo community today. We truly are building elite traders here.
In this case, a member alerted the team that Google (GOOG) was moving and asked for watchlist levels—the members-only indicators we use to decide when to enter and exit a trade.
Thrilled, we collaborated as group coming up with plans and exits, including targeting 2950+. We bought 2900 calls at $20 with a plan to add to the position if they hit $15. Those calls went to over $90.
On to Phase 2 — we bought 2950 calls at $10. Those went to $40 today.
Phenomenal team effort, guys. I'm so freaking proud.
Now we are looking for 2900-2925 area to establish support to get long for 3100+ in next 2 weeks.
FB Hit Our Levels Perfectly
Our Facebook (FB) short plan is coming together like clockwork. It popped up into the 318-320 range, the level at which we determined to go short.
The stock continues to act weak ... and now the FTC is investigating Facebook. We're sharpening our knives and forks for some carnage.
YOLO on Trump-Affiliated DWAC
Earlier in the week we advised caution on the newly-available options against Digital World Acquisition Company (DWAC), which popped like crazy on news of its merger with Donald Trump's new social media network.
Well, me and the crew have entered a "YOLO" position on DWAC, picking up 140 calls at $4. We're betting on a monster short squeeze to push it up as high as 200, at which point those calls will be worth $80, a 20x increase.
... or it might not happen, and the options will be worth nothing. But we have to keep it interesting sometimes. After all, you only live once!
Member Trade of the Day
Kudos to Edumomo member appraiser-ken, who rode the GOOG call option train, buying at $10 and selling at $50, realizing a 175% account value increase! Rockstar.