+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.