Bought AUG 15 44 Puts @ $1.51
Reason being just speculating on further weakness down to $43.00 in which I will take 80% of the trade off book, leaving 20% open for the earnings report to see if we can fall below the $43.00 area in which the target if it falls below, will be the $40.00 area.
Intra-day you can see the strong rejection of the $45.15 resistance area after price retraced and retested it. So that also gives me more confidence in the trade. Anyhow, if the D1 chart closes above $46.00 I will be looking to let go of the trade at a loss.
Cheers, and happy trading =)
Reason being just speculating on further weakness down to $43.00 in which I will take 80% of the trade off book, leaving 20% open for the earnings report to see if we can fall below the $43.00 area in which the target if it falls below, will be the $40.00 area.
Intra-day you can see the strong rejection of the $45.15 resistance area after price retraced and retested it. So that also gives me more confidence in the trade. Anyhow, if the D1 chart closes above $46.00 I will be looking to let go of the trade at a loss.
Cheers, and happy trading =)