Great Team Effort on ZM Short
The Two-Hour Trading community pulled out yet another triumph in group trade planning. We collaborated to go short on Zoom (ZM) out the gate with 200 puts for $2. Sure enough, it dipped right into our 200 target within two hours. Those puts went from $2 to over $6. Smooth like butter!
Right now we're looking for ZM to pop in the coming days so we can go short for another leg down into the 170-180 range. After that, we'll consider going long.
TSLA Dumps Like a Truck
What a dump Tesla (TSLA) took today. We caught some of the original move, but better yet—we followed the Edumomo process to enter 1130 puts for $29, with stops at $20. Those puts ran to over $70 after hitting our 1080 target.
Premarket Prep Was on Fire
The Edumomo team is at a point where we can finish each others' sentences. We agreed to go short on SPY at a 469 fail. Our 467 puts went from 1.30 to 3.30! Damn, we're good.
In the coming weeks, we are looking for the market to pick a direction. The price action today is full of mixed messages.
Member Trade of the Day
Edumomo member pneal won the day with puts on ZM and Alibaba (BABA) to end the day 17% ahead! Nice work.