Short
ULTI is forming inverted Flag & pole, short from current price.
ULTI seems forming a bear flag & seems link we have flag breakdown. At the formation of Flag it can decline to 193' Lower then expected earning release also giving us further confirmation for decline.
We would consider October $195 Puts (Currently $5.4), or October 180 Puts - (Currently $2.2)
We would consider October $195 Puts (Currently $5.4), or October 180 Puts - (Currently $2.2)
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Like what you see? Get full access to our 3X daily members only video/txt alerts & live trading room at smartmoneytrading.com/now
Check out some of our free video examples @ smartmoneytrading.com/insights/
Check out some of our free video examples @ smartmoneytrading.com/insights/
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.