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Earnings

ITC Earning season 25 May / Short trade @ 200 ITC in a breakout positon Earning is on 25th may 1. 7%+ rally before earning season 2. divergence on money flow 3. resistance on 190-193 level (Technical analysis) 4. Resisitance as per option chain data is at 200. Option chain data Resistance strike 200 call - 33.5 lakh OI Support at strike 180 put - 14.8 lakh oI Bear looks more powerfull here. Trade plan Short if stock price reaches 200 short SL 205 TGT1 190 TGT2 180 if stock price crosses 190 short SL 195 TGT1 180 Long if stock price crosses 200 long SL 195 TGT
NSE:ITCShort
by AnantTrader
2
NFLX updateAs of writing this, NFLX is down 14% at 343 dollars a share on disappointing revenue and subscriber growth, and weak subscriber growth estimates into Q3. This decline in price puts our 400 dollar put position 57 dollars in the money which will more than offset the loss on the call position. Further more the options bought expired 7/20 since we planned on selling them at market open. The cheap short expiration options allowed to limit the loss taken on either direction. NFLX tendency for large dollar moves after hours makes it a great candidate for straddles as it allows the winning position to outweigh the loosing position and be sold for an immediate profit NFLX 100 ma is at 338, a vital level to watch for a test and point of reversal. message me for more post
NASDAQ:NFLX
by ZenithTradingLLC