XYL- Short at the break of 49.33 to 46 or lower
XYL looks very suitable short opportunity as it has lots of weakness. It has moneyflow divergence & insider selling.
It also breaking down from a long upward channel.
We think it will decline to 46 & lower, and we are considering $50 January puts, last traded for $2.55
You can check our detailed analysis on XYL in the trading room/ Executive summary link here-
www.youtube.com/watch?v=HUGCdxPN...
Time Span:5:45 "
Trade Status: Pending
It also breaking down from a long upward channel.
We think it will decline to 46 & lower, and we are considering $50 January puts, last traded for $2.55
You can check our detailed analysis on XYL in the trading room/ Executive summary link here-
www.youtube.com/watch?v=HUGCdxPN...
Time Span:5:45 "
Trade Status: Pending
Trade closed: target reached:
November 1st - With the Earnings it declined to our target price.
$50 Jan17 Puts went up from $2.55 to $4.90, that was 46% option profit.
$50 Jan17 Puts went up from $2.55 to $4.90, that was 46% option profit.
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