Well the reason for the trade is written on the chart. We have strong volume, with a very large bullish candle that has virtually no wicks, which shows me the willingness of bulls to catch the gap at support for another push to the 132/135 area.
Intra-Day chart:
The Position:
The Trade:
Happy Trading traders! =)
Update: Trade was straddled last week, broke below break even and positive to the downside again. Good Luck
Long AUG1 15 124STK Puts
Intra-Day chart:
The Position:
- (Weeklys) AUG1 15 126 Calls - 15 Days to Exp.
The Trade:
- Exiting at a loss on a D1 close below the 200 Moving Average (Essentially the loss will be the full premium payed for the options)
- Exiting at profit upon reaching the 132/135 area.
Happy Trading traders! =)
Update: Trade was straddled last week, broke below break even and positive to the downside again. Good Luck
Long AUG1 15 124STK Puts