DE - Earnings option play, $122 August Puts currently $1.81

DE is another high risk option play. It seems forming a inverse fallen angel or bump & run formation. Moneyflow has strong negative divergence. We think it has good downside potential with earnings. To play this we would look for $122 August Puts currently $1.81

* Trade Criteria *
Date First Found- August 17, 2017
Pattern/Why- Earnings Play (High Risk Trade); Inverse Bump & run formation
Entry Target Criteria- We would look for $122 August Puts currently $1.81
Exit Target Criteria- Momentum
Stop Loss Criteria- N/A

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