Stock, Option and Futures Trading
We locked in some profits earlier and move the stops to even on TZA. Our target on the balance of the position is $1.00.
We are moving the stop to .45 to lock in profits on the balance.
PS. For the cowboys out there you can try to hold to $22 but I am not sure we make it there in time plus the market has many support levels to get through to really make a hard move to the downside and that takes time. With weekly options time is not on our side so look to scale out as it goes up.
PSS. The market is sitting at support now so we could get another push up to NQ 2740 before making the big move down. Move up the stops on TZA