What is crazy is the movement in names that have been winners up to now.
For both names, I would simply take a small nibble on the stock approach.
What I am seeing now in this market is an opportunity to put lines in the sand.
It is the covered call, and it can be used in trading ETFs and individual stocks.
Try to take advantage of all the trading that's going on.
The idea is to create a floor and a ceiling for your holding by selling one call and buying one put per 100 shares of a position.
This some really nice value on a longer-dated option that is way out of the money.
FSLY makes a great long-term hold, but there's opportunity for traders, too: Here's how to play it.
Find stuff you definitely want to own and set up longer-term trades.
I'm eyeing a bullish put spread with the 50-day SMA being the key level.