See chart.
Mid April we saw the same levels of RSI and MFl and MSFT gave up almost 8%. I dont think we are dropping that low, but i can very easily imagine a 5-6% loss in the next day or two. I think 187 will prove to be a solid support.
Grabbed put options yesterday at 198.5 so already doing pretty well. We will see how low it goes today, but might sell these off this morning. Need to make up for SPY kicking my ass the last couple of days..
Mid April we saw the same levels of RSI and MFl and MSFT gave up almost 8%. I dont think we are dropping that low, but i can very easily imagine a 5-6% loss in the next day or two. I think 187 will prove to be a solid support.
Grabbed put options yesterday at 198.5 so already doing pretty well. We will see how low it goes today, but might sell these off this morning. Need to make up for SPY kicking my ass the last couple of days..
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