NTNX Aug18 target 66.
NUTANIX (NTNX)
The daily chart shows a zigzag (VVVV) pattern.
N° 1st leg starting date Downtrend length 2nd leg starting date Uptrend length Old High New High %
1 22-03-18 5 sessions 28-03-18 15 sessions 55.25 56.28 +1.8%
2 18-04-18 9 sessions 30-04-18 9 sessions 56.28 60.00 +6.61%
3 14-05-18 11 sessions 29-05-18 13 sessions 60.00 64.87 +8.1%
4 14-06-18 11 sessions 28-06-18 8 sessions* 64.87 ??? ???
** means pending.
Considering the min percentage, the new target is $66. In addition, considering the max uptrend length the $66 target might be achieved by July 31.
However, NTNX have only monthly options so one might consider Aug18 $65 calls at 0.75 x 0.90. One might not like the spread of 65$ calls, then he should consider Aug18 $60 calls at 1.80 x 1.90, Delta 0.338, IV 51.36%, OI 1.6k.
Entry : above $56.
The daily chart shows a zigzag (VVVV) pattern.
N° 1st leg starting date Downtrend length 2nd leg starting date Uptrend length Old High New High %
1 22-03-18 5 sessions 28-03-18 15 sessions 55.25 56.28 +1.8%
2 18-04-18 9 sessions 30-04-18 9 sessions 56.28 60.00 +6.61%
3 14-05-18 11 sessions 29-05-18 13 sessions 60.00 64.87 +8.1%
4 14-06-18 11 sessions 28-06-18 8 sessions* 64.87 ??? ???
** means pending.
Considering the min percentage, the new target is $66. In addition, considering the max uptrend length the $66 target might be achieved by July 31.
However, NTNX have only monthly options so one might consider Aug18 $65 calls at 0.75 x 0.90. One might not like the spread of 65$ calls, then he should consider Aug18 $60 calls at 1.80 x 1.90, Delta 0.338, IV 51.36%, OI 1.6k.
Entry : above $56.
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