Short

$JD - JD.com $10M Bearish Bet

Updated

- JD.com saw a big 10M+ bearish bet today via the Jan'19 $70 Puts (very deep in the money - current stock price ~25.50) with 2,400 contracts purchased for ~$4,400 per contract.

The chart supports the bearish prediction with the price having been respecting the 50d ema for the majority of the summer on the 2H chart.

Medium term target - $23.00-23.50 area by mid-October (long term support levels)

Note

Note: Informational analysis, not investment advice.

Note

Note: Got the date wrong on the options bet, it was from September. Chart still bearish, targets remain unchanged.

Triple_Barrel_Capital

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