PHM turned out to be a good divergence to the downside with a topping pattern May 17, 2019. A new top is in place but the MACD is diverging even lower indicating price should be around 31.5. Trying some June 21 expiration 31.5 puts at .27.
Note
this position is kinda hanging out there not much movement yet. Gonna give it another dayNote
and now we are moving some up 25% on the position, we will keep it openNote
dragging its heels, unless we get some movement going tomorrow will consider closing this out for a lossNote
decided Monday will wait out this one isnt moving yetNote
closing this down at 11 c its languishingNote
well couldn't get my good for the day limit order filled yesterday but today we got out at .23 after PHM fell
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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.