Stock, Option and Futures Trading
TZOO came down right as we did our alert so most are probably filled better than our entry. TZOO has big % moves on the stock so that can effect the option. I want to place the stop on the stock price not the option price. Once TZOO breaks out of this zone then we can place the stop on the option.
The stop on TZOO is IF TZOO trades at or below $25.00.
There are bullish patterns behind us and bearish pattern right where we are at. Most always there are two patterns the question is which one plays out. With the market bouncing off the symmetry support yesterday with follow through today the odds say higher. If we are in the options before the big move it can be a difference of 100-200% on these options so the risk to reward is good but with TZOO we do not want to be shaken out of the trade due to volatility of the individual stock.