SMCI Short Trade

5 июн.

I took a short on SMCI today. I had posted a bullish and bearish idea for it earlier in the week. Neither of those have triggered yet. I took this trade because it failed at previous lows and a trendline shown here. My target would be either the most recent lows we made or the trendline support slightly below that. It can still breakout to the upside here as well, wouldn't want to be short if it takes out the trendline it failed at today.

7 июн.

Сделка закрыта вручную

I closed these puts today, got half out shortly after open near the low of day for over a 100% gain, lost some value on the other contracts before I sold them, but was a great trade. I still think it looks bearish from here, but I'm out for now. I may look for another entry soon.