MoneyPatterns

BYND – Fake Meat Breakout

Giá lên
MoneyPatterns Cập nhật   
NASDAQ:BYND   Beyond Meat, Inc.
Trade Entry
1/24 – Put Credit Spread. 77/81 strikes for $2.05. This is almost even trade (risk $195 / reward $205).
Stop at $77. Exit at 50% profit or gap fills in chart.
I was able to get filled at $2.05.

Chart Details
Bullish flat bottom wedge pattern.
Gaps to fill up to $190.
Price is above 10WeekMA and is waiting for Bullish EMA cross to confirm.
Bullish price breakout of bullish pattern towards gap fills looks good.
Daily trend just turned bullish. Should sustain for at least next few days. Over one week or more time we collect theta for the spread (time wasting works for us with credit spread).

About Me
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards.
Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish, CRWD Bullish short term.
Giao dịch đang hoạt động:
Premarket is $87. BYND is looking VERY strong going up to the gap fills.
This may be a multi play ticker here. LONG BYND until $95 gap fill.
Trading active here. I will update with other entry's in a new chart.
Giao dịch đang hoạt động:
Jan. 24 Expiry 77/81 credit spread was closed for $1.00. Original credit was $2.05. $105 profit per contract or 50% for single day.
Profit on 2 contracts was $210 for one day hold. :)

New position opened - Jan. 24 Expiry 85/90 Put Credit Spread was opened as new position.
Đóng lệnh: đạt mục tiêu:
Order was closed Friday 1/10
Opening order credit of $3.48 per spread. 2 contracts.
Close order $2.93 per spread. Profit $110 ($55 per spread). 2 day hold.

I will be watching BYND further for other gap fills. Stay tuned!

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