Ticker: SPY
Position:
~ May 15th expiry
~ $275 Strike Put (looking to book an order for $10-$11.00, since the futures are looking to be up)
~ Delta = 0.50
~ Run 1x contract
Exit/ Profit targets:
~ Close above the swing high $287.50 = exit the trade
~ Initial target = $261.23 (38.2% fib)
~ Secondary target = $253.04 (50% fib)
Rationale:
~ Bearish MACD cross on the daily
~ Price appears to be stalling within the moving average bands (particularly the 55 and 89)
~ Potential RSI rejection at the 60 mark (typically acts as a line between bullish and bearish)
~ Overall market condition is still weak, this appears to be the relief rally that i considered in my prior analysis (although i am open to a melt up scenario)
P.S. I will also be watching WES for a potential inverse H+S pattern
-TradingEdge
Position:
~ May 15th expiry
~ $275 Strike Put (looking to book an order for $10-$11.00, since the futures are looking to be up)
~ Delta = 0.50
~ Run 1x contract
Exit/ Profit targets:
~ Close above the swing high $287.50 = exit the trade
~ Initial target = $261.23 (38.2% fib)
~ Secondary target = $253.04 (50% fib)
Rationale:
~ Bearish MACD cross on the daily
~ Price appears to be stalling within the moving average bands (particularly the 55 and 89)
~ Potential RSI rejection at the 60 mark (typically acts as a line between bullish and bearish)
~ Overall market condition is still weak, this appears to be the relief rally that i considered in my prior analysis (although i am open to a melt up scenario)
P.S. I will also be watching WES for a potential inverse H+S pattern
-TradingEdge
거래청산: 스탑 닿음
Exit SPY Put for $2.13/ contract
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.