Case 1: We are in wave B of an expanded flat, post earnings pop to 143-144 and then drop to 128 by 11/6
Case 2: Drop from current level (138) to 125-128 before 11/3 expiration
** The play **
- 2:1 puts to calls Nov 3 135 puts for 2.60 and Nov 3 142 calls for 2.80
- If case 1 plays out, sell the calls to break even and enter Nov 9 138 puts
Not financial advice
Case 2: Drop from current level (138) to 125-128 before 11/3 expiration
** The play **
- 2:1 puts to calls Nov 3 135 puts for 2.60 and Nov 3 142 calls for 2.80
- If case 1 plays out, sell the calls to break even and enter Nov 9 138 puts
Not financial advice
Note
Case 1 is the black path and case 2 is red pathNote
Taking profits here on the Nov 3 135 puts for 12.60. Recap on trade:- Bought 2:1 puts:calls for a total of 2.60 + 2.60 + 2.80 = 8.00
- Sold for a total of 12.60 + 12.60 + 0.00 = 25.20
** $1,720 profit at 1 unit, 215% return **
You're welcome. Not financial advice lmao
Trade closed manually
Stay tuned for more.~Ali
Note
More downside comingNote
Load new bars - if we break above dashed orange and yellow line directly above I'm bullish
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.
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.