CMG topping pattern and MACD

7 May 2019

CMG daily has a topping pattern and big downside divergence on MACD. Trying ^45 puts expiring next week.

7 May 2019

Not

As Dan pointed out thats the 645 puts expiring May 17 bought 10 @ 1.05

9 May 2019

Not

rolling down nicely my puts have moved up modestly

9 May 2019

Not

today

10 May 2019

Not

probably going to close the 645 puts out that expire May 17, this was was way out of the money and CMG hasn't moved down as fast as I need. The 705 puts that expire May 10 I could have bought on May 7 at $3.45, are now trading at $7.72.

13 May 2019

Not

cashed out this morning at $1.35 about 25% gain not too bad

20 May 2019

Not

good thing cashed out for modest gain this thing bounced right back up