If I wasn't clear enough in my last PRO update, we want to own the SOXS Jun $20C in this service and expect to be dollar cost averaging over the next two weeks. Initial positions should already have been taken. If not, those calls will cost a little more today. PRO Active SOXS Option Position On wide spreads like the one shown above, 1.37-1.55, I typically will place a limit order splitting the bid/ask which then get filled 90% of the time. Spreads normally narrow toward the end of the day, but that cannot be counted on, especailly in fast market conditions. Whether this option goes up or down in price over the next week or two, I expect to be buying more calls. With 52 days to expiration, time is not a factor. SOXS 30 minute So far a constructive short-term bottoming formation, but with 5 of the 7 MAGS stocks reporting this week AND an FOMC meeting, another new low is possible. SOXS Daily GOOGL - 2-Day: Breakout Pending A close above $351 and we will be looking at June Calls. GOOGL Jun Calls GOOGL reports earnings on Wednesday - Note that the previous high print, $349, came the day before the most recent earnings report, Feb 4th, with GOOGL reporting a 7% earnings beat. That high has held until today.
