COF - Double top formation Short from $87.93 to $76.23

23 дек. 2016 г.

COF forming a massive double top formation. It touched the double top resistance & seems rolling over to the down side. Overall looks a decent shorting opportunity.

Trade Criteria
Entry Target Criteria- Break of $87.93 or rally to $91.55
Exit Target Criteria- $76.23
Stop Loss Criteria- $92.13
Option: $90 March/Apr-17 Puts

You can check detailed analysis on COF in the trading room/ Executive summary link here-
youtube.com/watch?v=7CyDBhwtLzE
Time Span- 12:50"
Trade Status: Pending

25 янв. 2017 г.

Заметка

Relevant Updates:
January 24th- ....... (Coming Soon)
January 23rd- ........... (Coming Soon)
January 20th- Showing some strength from MA50, but still below EMA lines. We still like as short.
January 19th- Rolling over nicely, needs to break 50 day MA.Heavy insider selling in November. **Report Tuesday next week. $83.00 Jan 27th Puts ideally would like to buy for around $0.30 or close to.
January 18th - Found some support from its 50 day SMA and will need to break this. A break of $86.00 and its 50 day SMA could act as a secondary entry zone.
January 17th- Nice 2.79% declin today, looking very good. $90 Mar-17 Puts last traded 23% higher for $6.95,
January 9th- Seems rolling over, declined & closed below EMA lines. $90 Mar-17 Option recovered from the loss & traded as high as $5.6. Looking good now.
December 28th- Traded down & hit breakdown entry at $87.93. Looking very good as short. $90 Mar-17 Puts Traded for $5.65

1 февр. 2017 г.

Заметка

January 31st- Declined further below Entry price & MA50, looking good as short.
January 30th- Spiked down below entry price, but could not hold to it. Closed at the top of the range. Wait & see situation.
January 26th- Showing strength after earnings, we may close this early.
January 25th- Earnings came a little lower than estimated, but price did not react much & closed only $0.35 or 0.39% lower.
January 24th- We considered closing the stock positions before earnings, and only holding to option in Earnings. Let's see what happens later today.