Yesterday: ‘A tingle of greed urges me to capitalize where $400 could be an obvious resistance level. 52 week high was $410. Earnings are on 12/03. So:
STO RH Nov 20, 420 / 430 Bear Call Spread for $2.20.
Started with 1 contract, ready to scale up if RH momentum continues’.
Today: RH moves rapidly to $420. I mean there’s momentum and there’s momentum. Moving out of the way of the freight train, so closed out the 1 contract for a debit of $5.30. Call it stop loss trigger.