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Putspread

WCN Put SpreadWCN seems to be trending lower and lower, Target is $85. $133 max loss and $3.67 max gain. Spread is 5 points 90/85 EXP October 18th My only problem with this trade is the duration of it even though its 45 days I believe the move may take less time to happen. Profit target is $183.5 max loss is $80 Possible loss if bullish is if the bottom holds and support stays intact while moving up toward $95. Bearish idea is that this support will break due to sentiments in core market and it will trend down to $85 which isn't that far of a target.
NYSE:WCNShort
by Synaptic724
2
PSX Put SpreadPSX Put Spread $1.7 Cost EXP Sept 27th Market sentiments are bearish, This may move lower, weekly RSI looks like its bullish but daily and 4h are bearish. Support seems to be breaking down on price, looks like a high reward low risk entry. Lets see how it pans out. Profit Target is $165 USD max risk is $100. Bullish target is if it moves higher to $100 I lose this trade. However if it moves lower as its trending to $90 this trade is a win and if it goes even lower to around $87-88 I can take a profit of $165.
NYSE:PSXShort
by Synaptic724
ISRG Short/ Put SpreadISRG Put Spread EXP October 18th. 505/465 Put Spread $13.93 Max Loss 40 point spread Target is $1300 Profit Max loss is $750 Market is trending lower, RSI is showing divergence and this is market wide ISRG is showing a rounding topping pattern which may move toward further support at 460 which will be my exit. Exit 1 = $460 underlying price while trying to get as close as possible to $1300 with a 10% tolerance plus or minus. Exit 2 = Market reversed and I take a $750 loss. It's possible my time target could be too far out and I may hit my target early if the market sells off leading into September.
NASDAQ:ISRGShort
by Synaptic724
EA Short Spread PUTs90/75 Put Spread EXP September 20th Cost was $4.21 entry and profit target will be the value of the debit. Max loss will be if it breaks its range at around $100-105 EA has had a poor response to its recent games such as Anthem and it continues to thrive from its sub based market model they aren't overly bad with their products but they aren't captivating gamers. Companies such as CD Projekt Red drive a value based model for their content whereas EA drives a profit per unit model from in-game purchases and expansion packs. Overall I think their earnings will be weak and will slightly damage the sentiment in the stock dropping its rangebound formation into a downtrend.
NASDAQ:EAShort
by Synaptic724