Played 
EBAY to the short side today with options.
Play
Bought 34.5/33 Put Spread for .57
Reasoning
I will posting updates to the trade as I adjust my position.
EBAY to the short side today with options. Play
Bought 34.5/33 Put Spread for .57
Reasoning
- Competition of Daily Elliot Wave 5 count inside of Weekly Elliot Wave 5.
- Held .786 Fib Extension of Wave 3 resistance.
- 50SMA was left in the dust. Looking for a convergence before continuation.
I will posting updates to the trade as I adjust my position.
Note
Sold back 34.5/33 Put Spread for .70.I am now flat.
Trade closed: target reached
Just hit .382 retracement. Successful call for pull back
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Dylan
Dylan
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.
Follow me to stay updated with this trade and any other trades I initiate.
Dylan
Dylan
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.