Not my usual trade but BMY does not have enough Vol for me to get decent premium selling a credit spread here.
Technical Confirmation - Break below Broadening formation (or previous bars low)
Execution: Short 50 shares - Stop at 66.20 - TP @ 63.31
Technical Confirmation: Strong reversal on X Daily chart provided technical confirmation that we are heading back up.
Execution: 22/21 put spread for this weeks expiry. 10% RoR (return on Risk)
Posted this after entering trade.
Teva has been trading within a range from March 1st low as you can see from the blue support line plotted. Looking for a reversal at this level be it a 2-2 or a 2-1-2.
Technical Confirmation: Staying above the March 1st low - Looking for confirmation of the reversal once support level is reached.
Trade Execution: 10 or 9.50 CSP. Provides additional room for...
Technical confirmation: Looking for a reversal on RAD at the support level here. Will not enter this trade until the reversal is confirmed with a break above the high of Fridays bar.
Trade execution: Will look for a 15.50 CSP - Provides extra room for error