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Today we interview Trader Mike who trades options regularly. He has a basket of high volume option tickers that he watches daily. Today, we take a look at his trade on FB on the 2 minute chart. After identifying a key level, Mike goes short with puts and then sets his stop accordingly. As we see, the chart is moving well in his favor. Mike is a big advocate of multiple timeframe analysis. He uses 4+ to identify trades and manage them. The chart continues to crumble and he keeps moving his stop down to lock in profit. While we don’t always expect home runs, this one falls in that category and this is exactly why we trail our winners… to extract as much profit as the chart is willing to give. This leads to a 430% gain on the entire trade.