The Pelosi Long Call PANW
Updated
Looking for a gap fill up to the $360 level after being sold off heavily from those taking profit after its run up from the mid 100s.
Holding a very long January 2025, 540 call option anticipating continued growth of cyber-security companies now that AI is gaining steam.
Note
Failed Breakout to the upside so far. Position is under water. Expiry is a very long way off, so will likely hold and look for better action. Will update once a week.Note
Well, this is really not working out so far. My expiration is at the turn of the year, so going to hold. If we touch below 281, ideally it bounces before then, I'll consider closing this position. So far at an L.
Trade closed: stop reached
Closed at a pretty substantial L.
Set up no longer in favor of long direction.
Don't follow Nancy.
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