With the Bearish Reversal Candle on 2.7.25 and today's small spread candle on low volume, this implies that the demand that was making prices rise has given way to supply pressure. With some help with bad news this week from Super Data Week we could easily see lower prices.
I will short/buy puts if the price closes below $110.40 daily with a target price of $98.75 and a stop at $115.18.
This is my idea and not a recommendation to buy or sell.
I will short/buy puts if the price closes below $110.40 daily with a target price of $98.75 and a stop at $115.18.
This is my idea and not a recommendation to buy or sell.
Trade closed manually
Closed trade at $106.76 for a nice little gain. I hate going into the weekend with open option contracts because of time decay.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.