Ticker: SPY
Position:
~ May 15th expiry
~ $275 Strike Put (looking to book an order for $10-$11.00, since the futures are looking to be up)
~ Delta = 0.50
~ Run 1x contract
Exit/ Profit targets:
~ Close above the swing high $287.50 = exit the trade
~ Initial target = $261.23 (38.2% fib)
~ Secondary target = $253.04 (50% fib)
Rationale:
~ Bearish MACD cross on the daily
~ Price appears to be stalling within the moving average bands (particularly the 55 and 89)
~ Potential RSI rejection at the 60 mark (typically acts as a line between bullish and bearish)
~ Overall market condition is still weak, this appears to be the relief rally that i considered in my prior analysis (although i am open to a melt up scenario)
P.S. I will also be watching WES for a potential inverse H+S pattern
-TradingEdge
Position:
~ May 15th expiry
~ $275 Strike Put (looking to book an order for $10-$11.00, since the futures are looking to be up)
~ Delta = 0.50
~ Run 1x contract
Exit/ Profit targets:
~ Close above the swing high $287.50 = exit the trade
~ Initial target = $261.23 (38.2% fib)
~ Secondary target = $253.04 (50% fib)
Rationale:
~ Bearish MACD cross on the daily
~ Price appears to be stalling within the moving average bands (particularly the 55 and 89)
~ Potential RSI rejection at the 60 mark (typically acts as a line between bullish and bearish)
~ Overall market condition is still weak, this appears to be the relief rally that i considered in my prior analysis (although i am open to a melt up scenario)
P.S. I will also be watching WES for a potential inverse H+S pattern
-TradingEdge
أغلقت الصفقة: تم الوصول لوقف الخسارة
Exit SPY Put for $2.13/ contract
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.