 Good afternoon everyone and welcome. This is Melissa Arma with the stocks. What should I'm reviewing Alta? This was the play of the day on Friday and called a few options trades in this too. They were all puts they all worked But this is this is something where when you when you look at it and you look to do it You have to be very very specific for the entry because I'm just gonna pull this up here This this really collapsed. I mean Honestly, I saw this the night before it was Thursday evening when it reported close the night before 337 45 Geez and open at 250 281. It was even lower than that at one point In in the morning. This was Friday morning then it had a little bit of a rally, but it still dropped and broke and You know with a holiday week I think that people could have taken profits on this on Friday But I did call the puts out for quite some time and this definitely can break further I would say that this might have some rest days in in the in the coming week But if if you're still in the puts if anybody on the newsletter is still in the puts and wants to hold it through This could potentially go to I originally said 225 220 215 210 even 200. It's just a question of timing. Is it gonna go straight down there? Is it gonna take a couple of weeks? I mean in this market anything can happen But I definitely think that this was a devastating devastating move for the stock And I would be shocked if this recovers anytime soon. And so again The stock was at previous highs back here right before the earnings. This was just in July 368 83 and this has been a very strong chart Very strong chart, but this chart is now in a downtrend So, you know just like that and that is as quick as it can happen This is exactly what happened with this and the market was weak on Friday But this really was weak on Friday And you can even see here that it hardly moved and rallied at all at any point in the afternoon Once it finally broke in the morning, which was still early still early in the morning This based out and basically just fell and pittered out the entire afternoon I mean, I I don't know if this gaps down on Tuesday or not, but I guess it could I guess it could It just had such a big move from Thursday to Friday I'm talking about from Thursday night into the close on Friday that I believe that people could have taken all of the Profits out from the puts that I call them Friday and just been done with it into the Halloween week But I mean the chart looks lower to me now because it's broken that will happen Occasionally you will get these very sizable gaps. They could happen up. They could happen down Alta was one that definitely was a short Again, we called it in the day trading room as an equity short and you could have done puts in it I called a bunch of different strikes and again They all worked and it's just a question of watching them for bigger moves or you can exit with profits But I I think all too was just there was a devastating gap So it was very very important though in this market for people to take profits, so Never gonna fault anyone for doing that Everybody get out of every one of the trades in Friday before the close I think that was perfectly fine because of the three-day weekend have a great great weekend everyone If you need anything email me at Melissa the stocks wish calm if you want to sign up for the gap options newsletter Can email me at Melissa at the stocks wish calm