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Aussie-scalper
Jun 29, 2020 4:24 AM

Turtle soup new 20 day high with confirmed reversal  

Description


This is similar concept to ORI trade, but just reversed by placing a Bear call spread ( credit)-
taking advantage of time decay the last 14 days until options expiry.

short 32.00 July 15 / long 33.00 July 15 - for net credit $ 610.
Comments
sisu88
only way is up for NCM July
Aussie-scalper
@sisu88, absolutely seems that way...Luckily only a paper trade ! But I'll try mange the options spread as can be forgiving for poor entry
in many respects...
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