jlb17ww2

Bearish Bat

Short
jlb17ww2 Updated   
NYSE:AAP   Advance Auto Parts Inc.
Great looking bearish bat with good looking bearish divergence on the volume weighted MACD, and price has reacted well to the PRZ (orange box). I am looking at the March 2019 (I might also be looking as soon as December), just out of the money, puts. They look incredible right now! Setting the stop loss of 35% on my position when I open it tomorrow, and my target price is around $120. I'll update as the position unfolds...
Trade active:
Purchased 5 December 2018 puts @ 7.40
Comment:
Setting stop loss at 35% (4.80) good till canceled
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