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Quantamental
Nov 1, 2019 5:51 PM
CMCSA - Weekly Mean Reversion - Bull Put Credit Spread
Long
NASDAQ:CMCSA
1W
Comcast Corporation
NASDAQ
Description
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Nov 1, 2019 5:51 PM
Low Weekly RSI & Low HV with High Vol.
W RSI <20
Looking for Reversal to Mean higher.
Taking 42.5/40 Bull Put Spread.
with 45 Calls for directional bias Higher.
Dec Exp but aiming to Close in profit well before that...
Good Luck - Watch your $$$ RISK
...Any questions just DM me...
Trend Analysis
Technical Indicators
Beyond Technical Analysis
Comments
AugustoRamos
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Nov 3, 2019 1:50 AM
Going down??
Quantamental
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Nov 3, 2019 1:22 PM
@AugustoRamos
, Its Reversal setup. The timing is not always easy to predict. It may go down a little,into the Spread but it will Reverse Higher. The Dec Options also give you time for the setup to Develop.
Good luck.
DM with any other questions.....
Thanks for following me.!
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