RMBS – upward channel, seems ready to break

Jan 6, 2017

RMBS – upward channel, seems ready to break

Trade Criteria
Entry Target Criteria- Break of $13.60
Exit Target Criteria- $11.83
Stop Loss Criteria- 14:70
Option $15 May/Jun/Jul Puts

You can check detailed analysis on RMBS in the trading room/ Executive summary link here-
youtube.com/watch?v=T2l8ndG-bzQ
Time Span- 13:00"
Trade Status: Pending

We checked further in Thursday Live Trading room (only available to subscribers)

(Note: Trade update is delayed here. To get updated & get new Trade Ideas - Please subscribe to our Newsletter at: acornwealthcorp.com/gold)

Feb 1, 2017

Trade active

Relevant Updates:
January 31st- With the earnings RMBS declined as high as 10% & closed the day 7.15% lower. Looking very good as short. $15 May puts traded as high as $2.30, that is 24% higher from entry & $15 aug puts traded for $2.53

January 25th- Jumped up above MA50 & showing strong upward momentum, not looking good as short.

January 23rd- Made a lower low & closed bearish. Moneyflow crossed to negative side. $15 May puts traded as high as $2.11, that is 14% higher from entry & $15 aug puts traded for $2.34

January 19th- Nice 1.67% decline today, looking very good as short. $15 May puts traded as high as $2.01 & $15 aug puts traded for $2.33

January 18th- Declined & traded into opening price, now wait & see.

January 12th- had a huge spiked down close to opening price, but closed near top. Looking good as short.

January 6th - Showing some weakness, but did not hit entry criteria

Feb 13, 2017

Note

February 9th- Started much higher close to stoploss, but closed bearish. Wait & see situation.
February 8th- further 1.35% decline today & closed at the bottom of the range. Looking very good as short. $15 May-17 puts traded as high as $2.75, that is 48% higher from entry & $15 Aug-17 puts traded for $2.89, Updating stoploss to $13.21

February 6th- Declined 1.1% today & made a lower low. Very good trade so far. $15 May-17 puts traded as high as $2.65, that is 43% higher from entry & $15 Aug-17 puts traded for $2.82,

February 2nd- Continued its decline with 1.02% decline today, looking very good as short. $15 May-17 puts traded as high as $2.52, that is 36.2% higher from entry & $15 Aug-17 puts traded for $2.82,

February 1st- Declined further & closed below MA 200, and moneyflow crossed down to negative side. Looking very good as short. $15 May puts traded as high as $2.44, that is 31.8% higher from entry & $15 aug puts traded for $2.68,