Booking Holdings Inc. (BANG) (www.tradingview.com/x/VIRgSJJZ/)
Status: open 10/06/20
Idea: selling company shares through the purchase of Put options
Expiration Date: 10/16/20
Strike: $1500
Target price: $1100
Max open option price: $6500
Option target price: $42000
Profit factor : 7
Position volume: no more than 5% of the Deposit
Reference to the value of the option (www.marketwatch.com/...on/BKNG#V1620B150000)
According to the financial report for the first quarter, the company's sales decreased by 20%. The company's revenue is expected to decline further, as the risk of repeated restrictions on movement remains against the background of a possible continuation of the pandemic. Also, the share price has reached the upper limit of the trading corridor, which increases the probability of price consolidation in THE bkng share market.
Status: open 10/06/20
Idea: selling company shares through the purchase of Put options
Expiration Date: 10/16/20
Strike: $1500
Target price: $1100
Max open option price: $6500
Option target price: $42000
Profit factor : 7
Position volume: no more than 5% of the Deposit
Reference to the value of the option (www.marketwatch.com/...on/BKNG#V1620B150000)
According to the financial report for the first quarter, the company's sales decreased by 20%. The company's revenue is expected to decline further, as the risk of repeated restrictions on movement remains against the background of a possible continuation of the pandemic. Also, the share price has reached the upper limit of the trading corridor, which increases the probability of price consolidation in THE bkng share market.