Short
AVLR Credit Spread
I made a bear call spread on AVLR
Looks like a parabolic arc with more support.
$1.57 is the credit max loss is $150 I will take a gain of $80
Max loss is if it continues higher but it may bounce off resistance which is outlined.
EXP Nov 15 spread is 80/85.
Looks like a parabolic arc with more support.
$1.57 is the credit max loss is $150 I will take a gain of $80
Max loss is if it continues higher but it may bounce off resistance which is outlined.
EXP Nov 15 spread is 80/85.
Trade active
Added another credit spread at $1.37 and also a put spread for 70/65cost was 2.17 for the put spread kinda pricey but my target will be $100 on the put spread for the exit price of $3.17 Max loss will be the same if price moves higher.
Trade active
Added 75/80 $1.13also shorted from 70.40 to 68.40 made $200 + $168 for the credit spread difference
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.