An idea forecasting a distinct third roll over top Pushing price down to green circle This can then lead to upward channel formation
07/10/2020 $COO Sentiment Algo uses advanced big data analytics. This stock has potential for a significant increase in volatility. This is not a buy/sell signal
IV is really high on COO this could be a good play. 290/310/310/330 0.13/0.42/0.5795/0.25 Exp Jan 17 Max gain is 25% of max credit $14.62 was my credit. My exit is GTC order for $11 max gain is $3.62 Max loss will be $362 if I lose completely. Win% odds are around 62% from the wings delta's
Chart has a few lines Pretty dirty daily candle chart.... but looks gr8 as a line chart
Cost of spread is $4.75 300/280 Exp Oct 18 Cost of spread is actually decent for the price. Max loss is going to be $330 max gain is $1000 Earnings were poor so its been falling its consolidating at a lower point perhaps to move lower.
COO formed a double top in the weekly frame, and it has broken down all the MA lines. EMA lines crossed to the down side & moneyflow is deep in the negative side. We think it can decline all the way down to 120 area On the option side we would consider $170 May Puts You can check our detailed analysis on COO in the trading room/ Executive summary link...