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Well this one resulted in x2.5 profits. I had an option till Jun-19 at 2.08 and strike 2.44 :). Close now.
Now onto the tough part. I personally would short AMC now. On a retest in lower time frame the entire time and past earnings. The problem is that AMCs earnings are going to be horrific. The upside is we know people care about AMC and it should recover, but for now I think it has gone up too fast and by the time it's short and builds up steam the earnings will be here and drag it down again. Also has some tiny gaps to fill.
As always need to be careful. Confirm downtrend tests and make sure the trades work.
Well this one resulted in x2.5 profits. I had an option till Jun-19 at 2.08 and strike 2.44 :). Close now.
Now onto the tough part. I personally would short AMC now. On a retest in lower time frame the entire time and past earnings. The problem is that AMCs earnings are going to be horrific. The upside is we know people care about AMC and it should recover, but for now I think it has gone up too fast and by the time it's short and builds up steam the earnings will be here and drag it down again. Also has some tiny gaps to fill.
As always need to be careful. Confirm downtrend tests and make sure the trades work.
Comment:
Comment:
Comment:
If you did a put option then nicely done, or short sold. Just need to monitor to see if it can hold this level or break back down below. I think it will hold the trend to the right though, hopefully it goes down to fill some gaps where I can buy in bulk again ;)
5.62 or 5.45 (pending it holds and confirms on lower time frames)