CRBN trade ideas
6th Trade: Corbion Breaking ResistanceThe 6th trade in the challenge was executed on the 17th July. With very little cash balance left over, I decided to buy some call options on Corbion (CRBN). According to the B52 Strategy, the stock is in a continuation pattern.
Trade Details
17/07/2018 14:49 17/07/2018 Buy 2 CSM C45.00 15MAR19@0.08 EUR (NLENX2301473) CSM C45.00 15MAR19 EUR -16.00
In summary i purchased 2 out of the money long dated call options. Out to March next year, I am going to sit and forget about this position.
CORBION. buy?It could break to the downside, in that case i wont be looking for a buy. For now lets wait what price action will do.
