• Jerremy Alexander Newsome

Trade analysis on PANW

Trade analysis on PANW

Hello Real Life Traders! How are you doing?! As many of you know I love blending both day trading, swing trading and combining both with solid option trading. I love focusing on gaps and keeping my eyes on what it does for both a day trade or a swing trade.

The last time I really had my eyes on PANW was back at $125. However, by the time you read this, it appears PANW is gapping down nicely on earnings.

An open below the $142 level will be specifically bearish in my opinion. I would love for PANW to quickly retest at some point the $142 - $143 price range and look to buy $140 puts (which expire this week Nov 25th, 2016.) So yes, this will be a day trade. The price on the $140 option could be around $0.80 if PANW can actually retest.