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Cinemark Holdings, Inc.
Long
Updated

CNK - nice reward to risk if stock moves up

475
You can buy 100 shares for $1490, or you can control 500 shares for $978. I bought Sept 2020, 20 strike calls.
I will exit if stock goes below $14.
Note
A nice move happening today in CNK. This stock will rally with market on another leg up. DJI and SPX weekly are holding 10sma and look like they are gearing for more upside. Pay attention to 7-day RSI, as it has returned to (or near) 50 line and if it bounces up then the uptrend will continue.
OptionsRising
Chart PatternsTechnical Indicators

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.
Chart PatternsTechnical Indicators
OptionsRising

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.