Feb. 13 at 8:05 PM
$MAGS
The sell-off in the Magnificent 7 has kept rolling as the market prices in a weaker forward outlook, driven by growing fears that AI could disrupt the SaaS model.
Technically, price tagged our Strats Hurdle indicator and has started to retrace lower.
The next meaningful support looks like the 50 DMA. Stronger support, and the level I’d rather see, sits around
$58.
How to trade it:
Sell call credit spreads into the hurdle on a 30–45 DTE cycle, then manage as needed. Not financial advice.