ExcitingTechnology
Long

Risky trade with tight stops.

NASDAQ:AMBA   AMBARELLA INC
27 1 0
I'm using the Gann Swing + Tim West's EPS             Study. Not sure if this level will hold but I feel it was worth trading at this level via short PUTS since Volatility is extremely high. I sold one contract so it's a very small trade.

If this level breaks tomorrow (via a full 5 minute candle below the green line) I will exit the trade by buying back my short PUT.

Risky trade. Let's see how it plays out tomorrow.

6/23/2015 - $102
6/23/2015 - $103.85

Looks like there is a 90% chance my PUTS will expire worthless later this week if this price action holds. Looks like Tim West's EPS indicator worked well for this trade (Thanks Tim!)
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