Replies to post #19040 on Marketgems Earnings Trader- Trading Strong or Weak (MKTGEMS)

[jenna]

LAVA breaks out again, with no appreciable downside. but it looks saturated here.

[JMKel]

We are not even at the 8 day moving average much less the 50 or 100 day moving average. I doubt if this stock can push much higher in the short run but it probably won't get to its 100 day MA. So a strong put position could capture most of downward move.

It looks like this postion will work next week.