The trade is giving me some pain. The uptick is understandable, but estimates were revised and this is the first time retail folks are looking at the new numbers.
It is very over bought… very. If you just bought MA today seriously look to protect in the very short-term. Both MA and V are over extended.
Trades like these are what make traders strong. Upon a consolidation in the ocillators or a quick severe decline to 270 or so I will cover. (moved up on the puts to the June 280)
