JD - JD.comEarnings coming up soon and I like JD overall. Low part of the range after a great 2017.
I went with a synthetic covered call, selling the Aug17 $39 put for $1.90 cr. This trade is around a 5% cash ROC within the next 35 days.
I'll go for 50% W or continue rolling this position out, collecting credit through time.
JD trade ideas
JD-5 possibilitiesJD- a rather long drawn out retracement. A closer analysis revealed a few more possibilities. The most positive and immediate target is a 50% retracement which is also the bottom rail support of the down channel.
Next is the 61.8%, followed by the 76.4%, and then the bottom rail support of the up channel. The final possibility is the target of the HnS which is at about 99% retracement which is still within the rules.
JD - JD.comJD yet again offering up a long R:R setup after pushing up the first time.
I think we can look for a re-entry around 40.70 with a stop around 40.00. If you wanted a bit more bullish conformation, you could take the trade with price moving above the last two days' highs.
I'm looking at the Aug17 $40 calls, with the plan to roll up and out in time if JD starts to move. Earnings are also right before this expiration, something to take note of.
130m chart: