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Quantamental
Jul 9, 2019 7:43 PM

ALXN - Bull Put Credit Spread Long

Description

Strong PA sell off last few days to Mid BB%
Daily RSI Oversold
Found Support right on MA200. Looking for consolidation and then reversal to mean back higher.
Aiming for 125/120 Put Credit & 130 Call option for Directional bias higher.
Exp Aug 16 but selling to close in Profit well before that.!

Good Luck - Watch YOUR RISK.
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