UAA is close to the top of its trading range, waiting for an exhaustion gap and reversal pattern, then buying puts.
No position yet...
No position yet...
Note
This is going to throw an exhaustion gap here on the next gap up day which looks like tomorrow or Friday. Wait for the reversal pattern and buy some puts towards the end of the day if it happens.Note
Would have been a good idea to buy puts yesterday on the gravestone, a little late now. Congrats to anyone who was paying attention, was busy shorting other stuff yesterday.
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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.