FB - buy puts with stock over 245
The "V" is complete and I see sharp downward stochastic moves that "warn" of downside. I bought and sold weekly 245 calls for a day trade today, and now I am buying puts. You can see white resistance line on chart.
Keep you position small, and you could buy 7/17 expiry puts and sell all/most before the weekend.
Keep you position small, and you could buy 7/17 expiry puts and sell all/most before the weekend.
Trade closed manually
I took profits on weekly 240 puts. I will be watching chart on 15-30 min and may take another day trade on Wed.
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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.