Don't bring me down...

The markets had a hard time today
$META ( ▼ 11.38% ) and $MSFT ( ▼ 3.24% ) both sank, cratered actually, and the markets weren’t happy about it Our once beloved $SFM ( ▼ 27.04% ) took a knock out punch and $CMG ( ▼ 17.48% ) , well, just not good
$DJI ( ▼ 0.23% )  
$SPY ( ▼ 1.07% )  
$QQQ ( ▼ 1.35% )
 $IWM ( ▼ 0.72% )  

$JPM ( ▲ 1.58% ) is one that doesn’t suck right now. As you know I didn’t get filled on our Bull Call Spreads Tuesday but I did take some long calls, so I went in blind. Today at the peak I was up over 105%…. This morning I was only up 30% as stated in the Pre Market report. The stock itself is only up 3.15% on the week so far. That is true Options strength
Our 17 point check list we use here at theoptionscoach.net is working out well for this one. Plus we’re fans of it on the chart here still

META again, lets talk……
Those strangles I highlighted on Monday were the right play, right time
META is a big stock, it won’t stay neat down like this forever
This morning I wanted to highlight it again but was hesitant
What’s that saying we like to day around here????
“Strength typically creates more strength where as weakness typically creates more weakness”
As I wrote the Pre Market report this morning META was right at $700.00’sh then it dropped down to about $655.00 for a low, holding off on any new plays was the right thing to do at that time. That was then, this is now
On Thursdays I walk to the Chinese Buffet by my house, one mile there, one mile back
For $13.00 and some change ( plus tip ) I can eat like a king
On Thursdays I don’t eat bfast, I fast until later mid day, then go eat
From the hibachi grill I get beef, broccoli, shrimp, bean sprouts and pineapple 😁 
Then a plate with some shrimp, a few sushi, fish ( hopefully not from the river!! lol )
Finish it all off small plate of a few more shrimp and a few pieces of fruit
That is going to be META again, and I wouldn’t be surprised if it was soon

We’re going to see what META does over night, and a few others too
Strangles will be much cheaper down at this price
And they may be just like my lunch, a big bang for our buck

Its beautiful here, I’m going to go get outside, hope that you do too
The Options Coach