ThetaTrades

TEVA - 10 or 9.50 CSP - #TheStrat

NYSE:TEVA   Teva Pharmaceutical Industries Limited
Teva has been trading within a range from March 1st low as you can see from the blue support line plotted. Looking for a reversal at this level be it a 2-2 or a 2-1-2.

Technical Confirmation: Staying above the March 1st low - Looking for confirmation of the reversal once support level is reached.

Trade Execution: 10 or 9.50 CSP. Provides additional room for error if reversal does not hold. Timeframe will be 1-2 weeks DTE
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