a close under $207.64 will break this lender to the auto industry and take it back towards $180.
Risk is well defined as a close over $220 so a risk/reward of 3:1 seems an appropriate to me.
Options are thin and expensive but limiting size or using a bear spread can be employed here...OZ
Risk is well defined as a close over $220 so a risk/reward of 3:1 seems an appropriate to me.
Options are thin and expensive but limiting size or using a bear spread can be employed here...OZ
Trade active:
Hope you took advantage of yesterdays weakness, If not place cost + commission stop and try to buy back near 196 support...OZ