1.37 buy puts for august at the 36 strike price

35 0 0
The buy puts for the 36 strike price are currently 1.37 this morning.
This is a very good trading opportunity to take advantage of a put option on whole foods over the next few weeks.

Several reasons why i have decided to have a buy put option going into the after the open as long as price did not gap down over night.

A) price is clearly in a bear market ( ichimoku is indicating)
1) weak tk             cross, followed by a kumo break
2) price closed below the kumo
3) price formed a swing low under the kumo along with the kumo break

B) The current state
1) price formed a swing low
2) this weeks candle stick is currently trading under the swing low ( in most cases i would wait for the close, but I have decided to buy a put option before this weeks close incase the market gaps down)
3) fib projection levels are slightly hovering over each other. They are hovering around the e 33.30-33.53 level
4) Ichimoku price theory formula has predicted price to be at the 31.22 level, this is well below the fib levels hovering over each other.

I am purchasing 2 contracts, exiting 1 around the 33.50 area and then around the 32 level if the market hits these prices before the expiration date. Other wise i will have to take a loss before expiration or roll the contracts and re configure where the break even point would be from the roll on the options.

This is not a trade recommendation, this is solely for my personal use to share on how I trade the market.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out