Put analysis - High risk trade
Updated
Double Top reversal with volume-confirmed intermediate-term downtrend with minor upward fluctuation approaching support. Reversal point expected in coming days. Historical corrective downslope used to anticipate minimum downward trajectory of intermediate trend.
Trade active
Black Friday Update: Held onto the puts because my prediction was right at first, then when the price action turned bullish they lost 80% of their value. The price is currently in the Twilight Zone at $15.25. I need a market correction and a small miracle to reach the Jackpot zone by Dec. 20. I haven't lost all hope yet. I have short shares sold at $14.90 which I'll be getting rid of if the price reaches $17.Order cancelled
The put contracts expired worthless. Was worth the risk.
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