Zendesk ($ZEN) has been trading inside of this descending triangle for a couple months now with a more solid trend line (inside of a large, multi month/year) bull flag . Short term put and then a longer term call if it can break through the triangle around $145 (*may encounter resistance around $150 OR around $165). Needs to consolidate to the green line first, so trying to play both sides here.
Short Term:
Entry- $144 (put option)
Exit- $140-$138
Longer Term:
Entry- $145 call option (after triangle)
Exit- $150-$155 depending on volume
*NOT FINANCIAL ADVICE*
Short Term:
Entry- $144 (put option)
Exit- $140-$138
Longer Term:
Entry- $145 call option (after triangle)
Exit- $150-$155 depending on volume
*NOT FINANCIAL ADVICE*