BA 190/170 May put vertical spread
Trade thesis
- technical breakout (bearish)
- downward break out of 3 months consolidation zone
- weekly stochastic showing more room to downside
- entry trigger: retest of demand zone and failure to hold above (wicked into the zone and closed below on daily)
Position
- strategy: put vertical
- structure:
- cost: $450
- delta: -19.68
- theta: -2.311
- gamma: 0.54
- vega: 10.15
Targets
- 1st target: $190.50 zone (previous gap fill)
- 2nd target: $173-169 zone
- SL target
- technical breakout (bearish)
- downward break out of 3 months consolidation zone
- weekly stochastic showing more room to downside
- entry trigger: retest of demand zone and failure to hold above (wicked into the zone and closed below on daily)
Position
- strategy: put vertical
- structure:
- long 05/19 190p
- short 05/19 170p
- cost: $450
- delta: -19.68
- theta: -2.311
- gamma: 0.54
- vega: 10.15
Targets
- 1st target: $190.50 zone (previous gap fill)
- 2nd target: $173-169 zone
- HVN from post covid to present
- confluence of .5 retracement level from previous low to recent high
- SL target
- technical: weekly close back into consolidation zone
- discretionary: price action at key price levels
- discretionary: price action when stochastic enters oversold level (below 20)
Note
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.