It's not often we produce an entry price that isn't available at open the following morning, but that's exactly what happened on Thursday's PUT/SELL on Facebook. We listed an entry price of 48.20 (black line below) or higher, and FB opened this morning at 48.15, below the listed price. This immediately alerts us that the move we are counting on profiting from has already taken place in overnight trading, and we should steer clear of placing the trade. In this instance, it saved us from a losing alert - we will live to trade another day.
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