AcornWealthCorp
Short

LYB - Short from current position to 30 area

NYSE:LYB   LYONDELLBASELL INDUSTRIES N V
64 0 0
LYB             breaking down from a head & shoulder formation in short term & it has lot of insider selling from key investor. In long term it formed a descending triangle.

Now it had its earning released today & in reaction it did decline a bit, so we think it will decline breaking the triangle formation.

To trade LYB             we would consider $80 March Puts (6.2)

You can check our detailed analysis on LYB             in the trading room/ Executive summary link here-
https://www.youtube.com/watch?v=rx79s_EsaYk
Time Span: 7:45"
Trade Status: Pending

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