ZG Zillow Short Vertical Strategy

Zillow Group is suffering under the fundamentals of a market slowdown and concern over its aggressive entry into the real estate investment space. My predictive chart suggests there may be a rally up to the $38.50 level early this week before a drop back to the $35 level. I will be looking to sell vertical call spreads two strikes OTM as it peaks on Mon 8th and expect to cover them by end of the week. This is not a recommendation to trade. It is for educational purposes only.

ZG