ExcitingTechnology

Risky trade with tight stops.

Long
NASDAQ:AMBA   Ambarella, Inc.
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

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