 Good afternoon everyone and welcome. This is Melissa Arma with the Stock Swoosh, and I'm doing an option review here of CMG This was a really nice call that I you know was involved yesterday Running the rim in the morning and didn't call this as early as I could have It's hard sometimes you have a lot of balls up in the air in the morning I'm trading running the room looking at stuff looking at gaps looking at options looking at the market Anyways after the room yesterday, I did see this Saw that it was going to work follow through continue in the bearish gap down this did rate well yesterday 22 points So this rated 22 points for my 26-point system Yesterday you could have done a day trade in the short yesterday. It absolutely fell off a planet Went to the target yesterday a 425 was very expensive though. Had a big stop of the day trade did it So it was better as an option And I called it as an option trade this has one month out left to go really nice call in here And it ran dropped through the strike today So if you did it yesterday and he bought it yesterday your proximate price would have been around 950 and If you sold it today, which I'm not saying that anyone should do But the first move drop would have been today if you want to get out of it today You could have sold it for about 15 bucks So you could have made what five and a half so 50% a little bit more than 50% on your investment in 24 hours, that's a good trade Again, where is the move on this huge massive? 405 403 400 is the next target I truly truly believe in the month this option plays out that the stock could drop and have a massive move I'm gonna call this trade the big short or people that want to do it and hold it to a big big trade I would say that this would be very likely not only because the time because the way the stock drops This stock can drop 20 30 bucks in a day without even blinking its eyelashes So bottom line is could this get down in here to this dream crazy number 40 50 points who strike the answer is yes What does that mean? Well Would let's not even figure any time value if you bought it yesterday when I made the call and Paid 950 or let's just say 10 bucks to make it simple math here and the stock drops 50 points through the strike Which would be approximately what? 370 375 well now let's say let's say I really think 380 is very realistic here So let's say 40 bucks through the strike no time value at all Okay So let's say you pay 10 no time value 40 points in the money, and I don't think this is the way It's gonna set up. I think it will have lots of time value, but I'm just saying With one month into it. There's a lot of time value, but into it. That's why the cost of the option was 950 But anyways, you would still be able to make 30 points on it So even if you only had a you know one contractor 100 shares would be $3,000 profit But if you bought it yesterday and bought one contract You could turn over your money more than 50% today made $550 if it got out today Although I think this has a big move potential in it when you take these option trades and when you do the day trades with me You have to have money management if the trade is down 50% you should probably get out a half You can always retake it If it goes up into the money very quickly right away is what are you gonna do? Take the first quick exit whether you're up 50% or 100% or you're gonna hold into a big big number But the fact is that not everyone goes to these crazy numbers I do think that CMG is one of these moves but the time in it and the way the gap rated that it can just go down Huge, I mean again the stock can rock and roll 20-point move yesterday. So the idea of this going I mean the idea of this going 40 points in a month is like nothing so Really really really good bearish move in this chart. Let's look at the bigger picture here And a really good option call by me too again stock in a downtrend falling off a planet. Everything looks good. It's a short So congratulations to everybody that did this I call to put in this the 420 strike Yesterday it worked and it worked today. You could be out today or you could be in it for the bigger move Nice trade quick money easy money to get out today Have a great day everyone if you're interested in signing up for the options letter email me at Melissa the stocks wish calm And if you want to know how to rate gaps and predict the moves are gonna make which this was a short move in the gap yesterday And the fall through today the gap classes this weekend starting Sunday email me and Melissa at the stocks wish calm It's June 24th and 25th the last class before third quarter earnings season Have a great day everyone You