Aggressive Buy at 200 Moving Average Support / Strong Vol.
Well the reason for the trade is written on the chart. We have strong volume, with a very large bullish candle that has virtually no wicks, which shows me the willingness of bulls to catch the gap at support for another push to the 132/135 area.
Intra-Day chart:
The Position:
The Trade:
Happy Trading traders! =)
Update: Trade was straddled last week, broke below break even and positive to the downside again. Good Luck
Long AUG1 15 124STK Puts
Intra-Day chart:
The Position:
- (Weeklys) AUG1 15 126 Calls - 15 Days to Exp.
The Trade:
- Exiting at a loss on a D1 close below the 200 Moving Average (Essentially the loss will be the full premium payed for the options)
- Exiting at profit upon reaching the 132/135 area.
Happy Trading traders! =)
Update: Trade was straddled last week, broke below break even and positive to the downside again. Good Luck
Long AUG1 15 124STK Puts
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.