INTC - Possible double top formation Option short

25 Mar 2018

INTC seems forming a double top formation with strong negative money flow divergence. We think it provides a nice option trading opportunity, and we would consider July $44 Puts Currently $1.30

* Trade Criteria *
Date First Found- February 28, 2018
Pattern/Why- Possible double top formation
Entry Criteria- $44 July Puts @ $1.30 (Hit March 1, 2018)
Exit Criteria- $35.57
Stop Loss Criteria- N/A
Indicator Notes- Very strong divergence in the moneyflow
Special Note- Strong Twiggs money flow divergence

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