Costco Wholesale
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$COST ~ COSTCO~ SHORT SETUP USING PUT SPREAD~ #OptionsTrading

ที่อัปเดต:
METHOD: Short COSTCO {price at entry ~ 292} via:
  • +2 VERTICAL COST 100 (Weeklys) 27 DEC 19 300/292.5 PUT @5.00 ;
  • Trading @ low IV after the earnings dump;
  • Decay helps if price < 294;
  • Sold high extrinsic put to buy high intrinsic put


STRATEGIES: Using COST day chart:
  • The 20/50 Mean looks set to make a big pink cloud after a long chart runup.
  • The Fisher Transform line signaling a continuation short.
  • The last earnings bailing of stock price turned out to last a few days.


TACTICS: The plan in terms of stock price:
  • STOP is price > 295 (MUST OBEY, Upside down R:R trade)
  • TGT1 288 to scale; TGT2 286.25 to exit (NO EARLY EXIT, Upside down R:R trade)
  • Consider scaling as pink cloud becomes large
  • We may let the Fisher Transform and 20/50 mean together take us out technically for whatever we get win or lose.


Will update in comments,
B3
d^.^b
การซื้อขายยังคงดำเนินอยู่
Was able to get a better price than expected, 4.60 instead of 5.00. Stop raised to 296 due to slightly better R:R now, which STILL means this trade works immediately or is exited.
ออเดอร์ถูกยกเลิก
Sideways action brings need to put the money to work elsewhere.
ปิดการเทรด ด้วยตนเอง
b3costcodailychartTechnical IndicatorsMoving AveragesoptionsOscillatorsputsshortsetupverticalspread

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