UAA Question

I have a friend asking if it's time to catch this falling machete: UAA.

They recently told Wall Street something and traders hated it. Luckily, I had already warned us about the possibility.

So, IS IT TIME TO CATCH THIS KNIFE?

I would wait out a candle or two. My friend is looking to sell Leap puts in it by the way.

Why wait out?

Because 17.5ish is the last consolidation level for this stock. Also often they overshoot measured moves (the head and shoulder I had already warned about).

Posted to Create Income with Option... on Feb 02, 2017 — 1:02 PM

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