Wednesday, January 13, 2016

Is this really my first post on Mastercard?? [MA]

I could swear I did posts on MA before because I own the 2017 $70 puts on it but in searching I found no hits.  Well, after the w3 we got that first plunge and then what looks like it could possibly be a 3 wave move up.  So we have to watch out for that HT potential here but for now I'm calling that peak blue 5 and looking for a break below blue 4 as shown.

If this goes 3 waves down and gets stuck at around $77 I will bail out of my puts for a nice profit just in case this turn out to be a large HT.



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