NTNX Aug18 target 66.
NUTANIX (NTNX)
The daily chart shows a zigzag (VVVV) pattern.
N° 1st leg starting date Downtrend length 2nd leg starting date Uptrend length Old High New High %
1 22-03-18 5 sessions 28-03-18 15 sessions 55.25 56.28 +1.8%
2 18-04-18 9 sessions 30-04-18 9 sessions 56.28 60.00 +6.61%
3 14-05-18 11 sessions 29-05-18 13 sessions 60.00 64.87 +8.1%
4 14-06-18 11 sessions 28-06-18 8 sessions* 64.87 ??? ???
** means pending.
Considering the min percentage, the new target is $66. In addition, considering the max uptrend length the $66 target might be achieved by July 31.
However, NTNX have only monthly options so one might consider Aug18 $65 calls at 0.75 x 0.90. One might not like the spread of 65$ calls, then he should consider Aug18 $60 calls at 1.80 x 1.90, Delta 0.338, IV 51.36%, OI 1.6k.
Entry : above $56.
The daily chart shows a zigzag (VVVV) pattern.
N° 1st leg starting date Downtrend length 2nd leg starting date Uptrend length Old High New High %
1 22-03-18 5 sessions 28-03-18 15 sessions 55.25 56.28 +1.8%
2 18-04-18 9 sessions 30-04-18 9 sessions 56.28 60.00 +6.61%
3 14-05-18 11 sessions 29-05-18 13 sessions 60.00 64.87 +8.1%
4 14-06-18 11 sessions 28-06-18 8 sessions* 64.87 ??? ???
** means pending.
Considering the min percentage, the new target is $66. In addition, considering the max uptrend length the $66 target might be achieved by July 31.
However, NTNX have only monthly options so one might consider Aug18 $65 calls at 0.75 x 0.90. One might not like the spread of 65$ calls, then he should consider Aug18 $60 calls at 1.80 x 1.90, Delta 0.338, IV 51.36%, OI 1.6k.
Entry : above $56.
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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.