Idea for Cassava Sciences (SAVA):
- Decoded:
PVVol:
- H&S pattern, Distribution UTAD with Exhaustion gap (Price).
- High Volume sell (Volume).
- > 5x ATR (Vol).
- 4.236 Fib.
- ML Diamond.
PT: 36
Time: By Sept 8, but add 0.3 bars margin (Sept 27)
SL: 2.4N~ 128.38
GLHF
- DPT
- Decoded:
PVVol:
- H&S pattern, Distribution UTAD with Exhaustion gap (Price).
- High Volume sell (Volume).
- > 5x ATR (Vol).
- 4.236 Fib.
- ML Diamond.
PT: 36
Time: By Sept 8, but add 0.3 bars margin (Sept 27)
SL: 2.4N~ 128.38
GLHF
- DPT
Trade active
Sept 24 114P 25.10 debitTrade active
Long Sept 17 110P 26.70 debitTrade active
Fat fingered and sold the Sept 17 110P for 34.80 debit, rookie mistake but (+34%)Trade active
Sold some more, scaling out, Sept 24 114P 48.70 credit (+94%)Trade closed manually
Out of the position Set 24 114P for 46.50 credit (+85.2%)Foresee further downside, but as I am in theta sensitive puts (IV is already ridiculous on these, I am going to eliminate the risk of premia burning bear rally)
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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.