How to profit from a “Bull Trap?”
• Place a ridiculously high priced GTC covered call order
• Wait for the Bull Trap to trigger the order
• When the Bull Trap closes a few days later, buy back the call at half the price
The Captain
likes to see the bright side of things
• 11/09 - Placed a GTC ENPH $350, Dec 16 calls at $6.50
• 11/10 - Order executed
• 11/10 - Placed a GTC order to buy them back at $3.00