ZM - 5/15 expiry puts - trade small
On this weekly chart - first see the long bearish engulfing candle, then notice this week is almost an inverted hammer (at the top this can mean a trend change coming)... check this candle after Friday.
On daily you see the stock has stalled at highs and has not made a close over 152 (except for 3/23). Today's candle is an inside bar, as of this writing. You can see divergence between 3/16 and 4/7 - RSI went lower while price went higher.
CAUTION - daily and 30min RSI is still over 50. If more buyers step in the price can move up to 160.
The trade - I suggest 140, 130, or 125 strikes. I will exit position if stock trades over 151.42 (Tueday's open) and 153 this week. Remember you can lose capital if stock jumps up after hours, so trade small. Even 1 contract with a low risk/high reward potential is valuable.
On daily you see the stock has stalled at highs and has not made a close over 152 (except for 3/23). Today's candle is an inside bar, as of this writing. You can see divergence between 3/16 and 4/7 - RSI went lower while price went higher.
CAUTION - daily and 30min RSI is still over 50. If more buyers step in the price can move up to 160.
The trade - I suggest 140, 130, or 125 strikes. I will exit position if stock trades over 151.42 (Tueday's open) and 153 this week. Remember you can lose capital if stock jumps up after hours, so trade small. Even 1 contract with a low risk/high reward potential is valuable.
تم فتح الصفقة
May 15 puts 130 strike bought at $5.30تم فتح الصفقة
I am not exiting my position. Since I bought only 2 contracts I am holding. The key here is that I have no worries or stress because I used so little capital, yet the potential reward is high compared to risked capital, so I am willing to hold because I still see potential for strong selling. I have an order in to buy 2 more puts at 161.أغلقت الصفقة: تم الوصول لوقف الخسارة
Exited yesterday when stock went over 163.تم فتح الصفقة
Reentered puts!تم إغلاق الصفقة يدويًا
Decided to take profits today since next week will see more theta decay and stock is still over cloud and RSI daily has just come back to 50, so it could move up again.Bought puts at average price of $3.90 and sold all for profit at $6.50 and $7.10.
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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.