$FB Quicky

$FB the pull backs have worked nicely over the last 18 months.  The stock has put in a few head and shoulder tops that resulted in sharp moves lower.  The recent spike down from record highs sent the stock to long term support at $72.  Much like each pull back in the S&P 500, every single dip for Facebook's stock has been a tremendous buying opportunity.  Until that theme changes, the money is made following the trend.

$FB is now over $76 and could be in the early innings of a move over $100.

I currently do not own any position in the stock, but I am looking at December monthly calls to profit from this possible move.

The Dec monthly $81 calls are $.41.

Known to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

More Posts by UPB: View All | Private Twitter Feed: Access Now! (For Diamond Members)

Leave a Reply