Zillow

If you are watching the markets you know we had a big dip followed by a huge rally back to the highs for a lot of the things. But I believe we went to high to fast and have shorted Zillow the last week, and by shorted I mean bought puts. The chart looked to be making a double top, and so I originally bought 1 august 60 put, then it ran up against me, and I bought another 60 august put. I like to stagger my buys so that I can kinda buy my way out of a bad trade, or still make the trade profitable. 2 days into the trade I was down 300 and Zillow was up, so I bought 1 more 60 August put. That was Wednesday, and I got back to even when zillow sold off at the end of the day. Thursday was a big down day, and Friday was another big down day. I was up about 850 usd. My price target was 51 dollars, but I took two off at 55 and am expecting a slight bounce. I will add on then too. I think it gets back to 45 in the next month or around the 200 day moving average. But also wanted to take a little profit here.