 Hello there everyone and welcome. This is Melissa with the stock swishing and reviewing Facebook. What a what a nice move in this Yesterday and today as well, and we're gonna review it here right now because I did call an option trade this morning to buy the Facebook puts the 160 strike and It did not get to 160 today, but it was a very profitable trade and you know really I Didn't see any reason not to book the money today, but I will tell you that Facebook still potentially could move lower and If Facebook drops and breaks 160 it's gonna fall off a cliff So I don't know if that happens But I saw the trade today I called it and I'm just gonna give you an example if you had bought the puts today at the time that I called it They cost around 230 240 wherever you got filled and you could have sold today for over for 420 430 You could have sold it today. So it was Basically a flip around say for example, you'd risk for 4 grand you could have made 4 grand if you risk 5 grand You could have made 5 grand or thereabouts depending on where you got filled in and out, but that's a good trade It's a it's a good trade for a day trade. It's a good trade for an option trade And I'm gonna go over it because this had an option in it yesterday too, but I didn't call it I was busy and I ended up looking at the day trade in the last two dates But you know one thing is true that when you get these high fliers that have a lot of a mention of volatility You can do the misday trades and options But the most the best the biggest the best moves you get from stocks that are gapping But the gap has to rate well So I rated the gap per my system using the 26 point rating system and the gap rated over 20 points yesterday and today Which is why it was a short today and yesterday So I just want to show you here that when I looked at this this morning You know what I really really liked about it was the fact that it had It had selling action yesterday Pulled the market down all the tech stock fell, but also I think Facebook is very unique and very specific Facebook is on its own now. There's negative news out there on it It's fallen hard and I just want to go back and look and see what the power of the gap is So you understand the night before all this happened the stock closed at the high Well, it closed at 180 409 close to the high and the low this today Whatever point it was whatever time it touched it was 161 95 So Facebook essentially and lost $25 in the last 48 hours that is just huge people So I mean that signifies that the stock had massive selling action in it in the gap and in the live day both days And you can't ignore that so people love to buy dips. They love to do whatever It's just dumb people that were day traders bought this this morning But I probably even in the drop-off this afternoon is a climactic play. I did not do it It is the wrong thing to do Facebook was a short today and a short yesterday and and until I say otherwise It still looks like it might be lower, but It's not in a downtrend. It is still holding the uptrend When will it make the break will it make the break? I don't know I mean, don't worry about it You play the moves with the trades that I call it and you make the money and you get out And so today was a perfect example of you take it you get the movie get out But there are so many people that buy these bounces into the 200 premium average Which was a disaster yesterday if you did it and then also today here as well or this morning so Facebook is in no means along at all and You will learn this if you come and take my golden gap course And if you sign up for the options letter You're not going to learn how I figure out the gaps who will get the trades emailed to you directly take them like Facebook today When I send it out and you have to manage them yourself with the exits But but the every trade I call every trade I look at every trade I take everything that I see Which is mostly by the way in the pre-market before the open which I saw Facebook today and yesterday in the pre-market is Based on what are institutions doing? Are they buying the gap or they selling the gap? What are they doing and I will tell you that Facebook should have moved higher here And I caught a bunch of longs not going on to detail But some of the tech stocks here in this period and they all moved Facebook didn't Facebook lagged it lagged it lagged it lagged I'm not saying that was that was why this did this, but it was almost like a sign It was almost like a sign because Facebook wasn't going and it should have gone and everything else was going and this Didn't and then the news came out and boom and now here it is here tonight So Facebook was a great option. It's called just just a great day trade I mean if you listen to the room this morning, I take the live room. I mean, what a great call today in this Just just a great call. So congratulations to everyone that did it Whether they did the option of the day trade Open house is the rest of the week Wednesday Thursday Friday Thursday. I will not be in the room I'll be on TV Wednesday and Thursday. I'll be running the room as far as I know it open house either way Gyros helping and it's going to be a really good earning season classes this weekend You want to sign up for the class? It's Saturday and Sunday 24th and 25th 9 to 5 Eastern time If you don't have time to do the class or day trade then the options letter is another Suitable way for you to make money as a trader And you just get the calls in your email box and you take them when I get give them and you got to manage your exits So I think it's important to learn the system But if you really don't have time you can sign up for the options letter It's two thousand nine hundred ninety nine dollars and the class is fifty four ninety nine Congratulations again everyone huge straight in Facebook today And I have no idea where this ends up being tomorrow morning, but actually here. Let's look at this right now. This is down Let's look at this right now. That's why you do not buy this People bought it. Look Look, it's down almost two dollars here in the post market. I don't know. This is really interesting So we'll keep watching Facebook plays are flat here now today, and we'll see what happens and Email me at Melissa at the stocks wish calm if you'd like more information. Look at the volume in that today people Look at that All right, have a good night everyone