25 days ago, i posted on AEGR having a potential of breaking up of downtrend channel, but didn't feel comfortable of long call option because i noticed that there was a strong downtrend line for RSI and it has higher chances of turning back down.
My put options was triggered @33.5 just a day before the release of earning result based on downtrend line with RSI resistance (which is not advisable because a better than expected earning would have me slaughtered)
Much to my relief, it gapped very far down!
I took profit with 9 of my put options @20, leaving one to see whether it can reach the channel bottom in time to come
My put options was triggered @33.5 just a day before the release of earning result based on downtrend line with RSI resistance (which is not advisable because a better than expected earning would have me slaughtered)
Much to my relief, it gapped very far down!
I took profit with 9 of my put options @20, leaving one to see whether it can reach the channel bottom in time to come
