Langlui's Big Board and Options Plays

[Spectre]

Patience young grasshopper. Getting into puts 2 days ago was the move to make, but that upgrade through the pattern off as it was headed down. That being said, easing into a position a couple at different ranges is never a bad idea. If you would have gotten half at 2 and half at 1.60, you'd be in at 1.80 and quite happy.

Now calls could be in order if it breaks from the channel upwards. Be careful of a gap and drop, but a open and solid move upwards could be rewarding to the $50 range next week imo.

Granted, I got calls this morning, so I am bullish for the time being "which could change any mintue"

Best,

Spec