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MercadoLibre, Inc.
Long
Updated

Did $MELI just post a double bottom on weekly chart

284
Could easily sell off more, but I opened a $80 March spread on Friday at $35.5 (44%).

Option execution somewhat expensive but I like the risk reward.

Wanted to add risk prior to upcoming earnings releases early February.

Also took long call positions in OKTA, NTNX and GOOGL
Note
Spread $1120 - $1200
goledger
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Trend Analysis

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Trend Analysis
goledger
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.