TGT - Hi Risk/Reward Option play, $45 July puts @ $0.45

15 Mac 2017

TGT is a possible High risk setup with high potential reward. It has broken down a long term upward channel & Channel breakdown target is around $45-46.
And on the daily chart it has a downward trend, which targets around $44. To play this we are considering $45 July-17 Puts, Currently around $0.45

* Trade Criteria *
Date first found- March 14, 2017
Pattern/Why- Upward channel breakdown
Entry Target Criteria- Break of $54.35; We would consider July $45 Puts
Exit Target Criteria- $44-45
Stop Loss Criteria- N/A

Please check back for Trade updates. (Note: Trade update is little delayed here.)

16 Mac 2017

Dagangan aktif

March 15th - Declined & hit entry price today, looking good as short.

29 Mac 2017

Nota

March 21st- finally broke support today closing below $54.00. This looks good to continue lower. Updating our stop loss criteria to $55.23