Let’s take a follow up look at the LLY bracket trade. If you were waiting for 189.60 on the long side, so far (as of 1:40 pm est) it hasn’t happened yet, but the short did fire off. So, if your plan today was a trade below then you’re getting it because it’s currently at 179.
There’s a fine line here. It’s clearly going to close below, so you’re probably safe shorting at 181.87 and using a stop loss of 189 or smaller. The half a gap fill is going to be 175, 173, then 166. Once you’ve hit half a target, cover half.
Good luck, hope it helps. See you on the next video.
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