EEM which can be thought as "Emerging Markets" looks fucked to me.
Short this.
Baring a sudden trade deal this week (unlikely), EEM could see sub $40.
The puts I purchased last week have already doubled in value. :)
From a TA standpoint, let's review.
Price is below the green line (bearish) but bounced off support in the last 10 minutes of the trading day.
Thank you algo panic buying.
The price could also find support at the .618 line or $40.62 but the .786 price of $39.47 lines up rather neatly with the supporting trend line.
Time frame: end of the month, possibly by 5/17.
Short this.
Baring a sudden trade deal this week (unlikely), EEM could see sub $40.
The puts I purchased last week have already doubled in value. :)
From a TA standpoint, let's review.
Price is below the green line (bearish) but bounced off support in the last 10 minutes of the trading day.
Thank you algo panic buying.
The price could also find support at the .618 line or $40.62 but the .786 price of $39.47 lines up rather neatly with the supporting trend line.
Time frame: end of the month, possibly by 5/17.
Operación cerrada: objetivo alcanzado
Congrats if you played this! 500% profit on puts.
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.