Next target 222.50 area it's pretty much risk free now as stop will be placed at b/e on trade. Entry price 5.70 + .40 profits Stop can now be 5.30 on option but I will play the underlying first.
Decided to take a few more off @ 6.30 and just go for a larger Target on runners. So out 2/3 rds of the position with average profit .45 cents approx. Can only be profitable from here in even with stop 5.40.
Nice triangle setting up on GOOG could lead to another leg down I may buy back some additional puts if conditions are good.
ZEUS - Olympic Steel: One of many millers and processors who have experienced the selloff of late. This stock holds, imo, two opportunities. It's present inside narrow range day candle offers a daytrade. Longer term, the RSI divergence, low P/E, excellent forward guidance make investment... dare I say.... another choice.
Triple divers set up across the board, high volatility levels ... it looks good for a possible retracement long to me but I wouldn't touch it personally many better fish to fry out there then mess with this one imo.
Traingle broke out on GOOG but in the wrong direction for me stop moved to 5.70 entry can always take it short again tomorrow.
inandlong - Thanks Thought I'd give you a heads up on the 30 yr. Tbill Your favorite set up ( NR7 ) on the daily only problem is I can't figure out any clear directional bias on it other then a potential 5th wave up with a target of 115 -15 maybe but it doesn't have a lot else going for it.
As often will happen with lower avg volume stocks a break from consolidation occurs via gap. So you turn the page and move on to the next opportunity.