1. For the past 2 months we have indicated put option selling in Qihoo at or below the $79.00 strike, looking for a continued multi-month advance iin the stock.
2. Qihoo has remained above the $79.00 strike and is currently trading at $99.00, indicating a successful trade.
3. Further advance remains likely with a test/attempt at $104.00 (or higher) expected relatively soon. Will update.
Quihoo 360 QIHU:
1. Sundays (July 27) Williams edge stock report on Qihoo indicated a continued advance from Friday’s $99.15 daily close to at/near $104.00.
2. Today’s (Mon., July 20) session advanced powerfully and completed the $400 upside target, completing the forecast/trade (today’s session high, $104.63).
3. This is an important upside completion in Quihoo and helps further confirm our continued work on improving the use of the Roadmap principle in the stock market. Will update.