FB

Yes, and that's why it's fairly resilient at the moment, there's plenty of long term Interest at any price. Should be just amatter of time before it caves in for a nice short term play though.

 

It's bounced off $150 quite a bit...

Actually, just shorted the May 12 $150 call over my positions for a bit of protection.

 

A close at exactly $150.00 today wouldn't surprise me at all (or +/- 0.01)

 

For sure, a lot of support at 150.00. I was aiming for a target of 147.00 but have my doubts.

Nice option play too.

 

I don't own FB, so don't have a dog in this fight. Looking at their financials, better than AMZN, TSLA, BABA, NFLX.... Valuation is not that out of line comparing to GOOGL or MSFT.

What am I missing?

 

I'm just looking at the earnings miss in a very optimistic market and a very tight stop if the market moves against my short call.

 

Bailed on my 150 call for a small loss.

 

I think that was a good move.

 

I'd feel a lot better about it if it hadn't fired off within about .10 of that spike...oh well, tiny loss--nothing terrible.

 

FB is not going down without a fight.