NASDAQ:NTES   NETEASE INC ADS EACH REPR 25 COM STK USD0.0001
SImilar to my OLED post, NTES found critical support early this session during market weakness. It's sitting right on key support as a convincing break here on a daily or weekly closing basis will send it to $300 or less.

Also, NTES saw significant Feb 9 Weekly Call buying yesterday with 1,000 lots going at each of the 320, 325, 330, and 340 levels.

I tend to stay at or near the money when entering Calls, especially weeklies. Not for everyone, but again, well defined risk levels right here where a "closing" break under 315 on the Daily chart negates this thesis. If that happens, consider switching to Puts with initial target at $300.

Above all, know your risk, know your levels, and trade with patience, dedication, and focus.
Kommentar: Trade thesis was blown out yesterday with NTES breaking under $315. It's why we use Risk Management. New support levels on NTES will be seen today and this week @ $300 and maybe lower so keep on watch as any reversal in this market could be very powerful.