Topping pattern on SMH with MACD divergence down

Been away overseas for last month or so. back at my trading desk now. Topping pattern on SMH with MACD divergence down. Not huge clarity on double/triple top. grabbed Jan 24th expiration 137.5 and 140 puts at .35c and .56c

Note

Up 20% and 43% this morning, watching closely to cash out some of these

Note

taking a third of each off the table for 20 % and 52% gain

Note

well turns out we got 43% and 78% gain on the third sold

Note

holding 2/3rds of these still tomorrow morning if decline resumes we'll hold these

Note

sold remainder at .15c and .29c

Trade closed: stop reached

AIQ_Systems

Also on:

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.

AIQ_Systems

Also on: