EL - Earnings option play, $97.50 August Puts currently $1.80EL is reporting before market tomorrow & we are looking for earnings option play here. It has heavy insider selling along with Twiggs moneyflow divergence. We think it has good downside potential with earnings, and we would consider $97.50 August Puts currently $1.80
* Trade Criteria *
Date First Found- August 17, 2017
Pattern/Why- Earnings Play (High Risk Trade); Upward channel
Entry Target Criteria- We would look for $97.50 August Puts currently $1.80
Exit Target Criteria- $92
Stop Loss Criteria- N/A
Please check back for Trade updates. (Note: Trade update is little delayed here.)
