AIG Short
Updated
Cheap $56 7/26 puts. Lower time frames show weakness. It's been coasting and is slightly overbought. Potential channel that could lead to a low of around $54 with solid moves the next week or 2. Potential wedge squeezing the buyers to turn em into sellers within this channel.
My bags are packed on this one. ready for it to give up.
My bags are packed on this one. ready for it to give up.
Note
Sold out for now. Waiting for the waves to move up and pull it out of overbought on lower time frames a little. Looking at 56 or 55 puts for the 26th after completion. By the time the MM finally bought my puts it was a gain of over 100% per contract $46 to upon selling, $103.
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