BY LICIA LESLIE
October 15, 2023
Hi Shoppers,
Check out this uuugllyy chart in Wayfair (Ticker: W):
The stock has closed below the 200 day moving average on Thursday and traded much lower on Friday.
I am not seeing support in this stock until $41.
Looking at Friday’s puts:
The at the money 47 puts are not a bad purchase.
Use a close over $48.50 for your stop loss.
Thanks for Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
See what's hot at option pit
CAPITOL GAINS: SMR Aug16 7 call closed for a 150% gain
DELTA STRIKE: VLY Mar15 8 puts closed for a 88% gain
PFE May17 26 calls closed for a 66% win
OP MENTORING: SPY Mar22/19 510 put calendars and 520 calls for 6.4% gain
OPTION SHOPPER: ERX Mar28 65 calls closed for a 90% gain