Hubert Senters here.
Let’s take a look at Facebook. So you can clearly see I’ve got a couple of targets out here from a previous video from a low, high, low aspect.
And we knew it was going to do earnings. We didn’t know it was going to gap up. So now we’re going to develop that into a bracket trade.
These targets are still going to be useful for us. But overall, we’re going to kind of trunk hate this trading to its own little animal here and making a bracket trade without those targets.
So what I’ll do is I’ll remove that so we can see it. If it trades or closes below above $331.94 it will be a long.
If it trades or closes below $331 it will be a short with a target of about $307. Now, for these targets up back here the way I did this earlier.
Let me remove this thing. Get a little aggressive here with the clicker here. Now, let’s do it again. One. Two. Three.
So next target if it goes to the high obviously will be $334, $348 and $357. To the short side it will be filling that gap.
Mark Helweg is going to be doing a special oncore presentation of The Explosive Traffic Pattern for Trading Options. That’s Thursday, April 29th at 8PM. I’m going to HYPERLINK you to the registration page.
Good luck. Hope it helps. See you on the next video.
Hubert.
