METHOD: Short SALESFORCE {price at entry 156.40} via:
+2 CRM 20 DEC 19 160 PUT @4.40 ; Trading with 0.75 of extrinsic value, well in the money.
STRATEGIES: Using CRM day chart:
TACTICS: The plan in terms of stock price:
Will update in comments,
B3
d^.^b
+2 CRM 20 DEC 19 160 PUT @4.40 ; Trading with 0.75 of extrinsic value, well in the money.
STRATEGIES: Using CRM day chart:
- The 20/50 Mean started a crossing downward pattern, and we can look for a new red cloud to form for a short.
- The Fisher Transform bounce signal has failed and is now showing a continuation short near a critical support price.
TACTICS: The plan in terms of stock price:
- STOP is price > 160
- TGT1 153 scale; TGT2 148.75 to exit
- Trail option price to Break Even once stock price < 154; OR consider scaling as red cloud becomes large
- You may let the Fisher Transform and 20/50 mean together take you out technically for whatever you get win or lose.
Will update in comments,
B3
d^.^b
Trade ativo
Filled and on a good track to start. :)Nota
"You may let the Fisher Transform and 20/50 mean together take you out technically for whatever you get win or lose." <--- this can be done as they have both gone long signaling that the short taken was part of a chop sequence, unfortunately. The stop has not been reached for stock price, however, lower to high of today.
Stop = price >159 now which is super tight.
Trade fechado: stop atingido
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