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COSTCO WHOLESALE CORP CEDEAR EACH 48 REP 1 ORD USD0.005 (USD)COSTCO WHOLESALE CORP CEDEAR EACH 48 REP 1 ORD USD0.005 (USD)COSTCO WHOLESALE CORP CEDEAR EACH 48 REP 1 ORD USD0.005 (USD)

COSTCO WHOLESALE CORP CEDEAR EACH 48 REP 1 ORD USD0.005 (USD)

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COSTD trade ideas

$COST ~ COSTCO~ SHORT SETUP USING PUT SPREAD~ #OptionsTradingMETHOD: Short COSTCO {price at entry ~ 292} via: +2 VERTICAL COST 100 (Weeklys) 27 DEC 19 300/292.5 PUT @5.00 ; Trading @ low IV after the earnings dump; Decay helps if price < 294; Sold high extrinsic put to buy high intrinsic put STRATEGIES: Using COST day chart: The 20/50 Mean looks set to make a big pink cloud after a long chart runup. The Fisher Transform line signaling a continuation short. The last earnings bailing of stock price turned out to last a few days. TACTICS: The plan in terms of stock price: STOP is price > 295 (MUST OBEY, Upside down R:R trade) TGT1 288 to scale; TGT2 286.25 to exit (NO EARLY EXIT, Upside down R:R trade) Consider scaling as pink cloud becomes large We may let the Fisher Transform and 20/50 mean together take us out technically for whatever we get win or lose. Will update in comments, B3 d^.^b
NASDAQ:COSTShort
by HammondB3