$ILMN gapped down provided nice opportunity

Jan 10, 2023

ILMN gapped down

Jan 20 190 P were selling for $7.3+ on gap down
Risk reward worth, took stab

#stocks #options
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Up 50% in a few minutes

But will hold ILMN Puts, believe it goes higher
Gap @ 204

On the chance we get put, doubt it, but in the chance, it's in a channel 180 - 240
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Daily in a nice channel