Darden Restaurants, Inc.
Singkat
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Watch daily and 30m charts for swing put entry in next 2 days

202
I am wondering if price will reach the top pink line on Monday (149-150). If there is a higher close on Monday I will be comparing RSI to the previous high (not Friday's #). If price stalls between 146-148 I will look for technical signal to buy puts. Check weekly chart and you will see RSI is over 70, which happens rarely, and price has been unusually far from 20sma.

I decided to use the 14-day RSI for this idea (instead of 7-day) because there are fewer dips and peaks so I can focus on "bigger" price turns.

Watch 30m chart for next 2-3 days for a setup
Alerts if price under 145, over 149
Swing puts with April or May expiry
Nota
Earnings are on 25 March (before open). If I buy puts early this week I will sell them before earnings.
Dagangan aktif
I bought 16April 135 strike puts when stock was around 147. I would also use weekly 145 strike for a day trade or to hold a small position overnight.
Dagangan ditutup: sasaran tercapai
I sold all puts today. I was not expecting the price to go down this much in one day. With options for income on this trade, I prefer to take a large profit in short time.

Penafian

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