Monday, August 16, 2021

CRWD Looking Bearish - Update 1




Beautiful bearish day. Our Put spread is 240/235, so the maximum value would be 240 - 235 = 5. So in addition to the conditional order to sell the spread when the stock hits 210, I added a limit order of 4.95 for the spread.

If we get a similar size move tomorrow and the next day, then we'll only need 2 more days to hit our target.

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