IvanLabrie
Long

WFM: Interesting long setup viable

NASDAQ:WFM   WHOLE FOODS MKT INC
177 0 13
5 months ago
We can enter longs in WFM             here, back at weekly mode support, as well as a Key Earnings Level.
Since Vix             is high we can sell puts at the money for easy returns, for instance, December expiry puts or calls.
We can take a long stock/short calls position alternatively, but puts should be a good idea for sure.

Buy/write: 35 strike calls / Jan '17 20th expiry. Determine the amount of shares based on stop distance, risk 0.5-1%.
Write: at the money puts with same expiry.

Good luck!

Check out my updated track record here: http://pastebin.com/6CyyqnPT

If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.

Cheers!

Ivan Labrie

Link to Tim West's chatroom: https://www.tradingview.com/chat/#c8BzrhGRvXxGXWnJ
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.


Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance0.57% on such information.
5 months ago
Comment: Seems promising.
5 months ago
Comment: Relative strength is strong in this one. Market down, WFM goes up and closes above weekly resistance.
4 months ago
Trade closed manually
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
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