Trade for EBIT:
- New 20 day Low.
- Price is in downtrend, starting with a 2x ATR selloff.
- Measured move-down suggests a $5-6 bottom.
- Rolling the June 18 17P for Jul 16 15P for net zero debit. Traded the $2 for 1 month of time and theta risk.
GLHF
- DPT
- New 20 day Low.
- Price is in downtrend, starting with a 2x ATR selloff.
- Measured move-down suggests a $5-6 bottom.
- Rolling the June 18 17P for Jul 16 15P for net zero debit. Traded the $2 for 1 month of time and theta risk.
GLHF
- DPT