CLOSE to a Short-Term bounce zone around $85-$86. Looking for a short-term oversold reversal and price confirmation for off the weekly trendline.
I would just buy a size Tier 1-2 $85 Sept. calls for the bounce IF it occurs. Risk would be limited as I think the primary trend on the weekly (long term) is confirming the bearish trend.
Caution: The price action has been very heavy so I dont think this bounce would set swing lows. The stock couldnt even make the $100 roll .
I would just buy a size Tier 1-2 $85 Sept. calls for the bounce IF it occurs. Risk would be limited as I think the primary trend on the weekly (long term) is confirming the bearish trend.
Caution: The price action has been very heavy so I dont think this bounce would set swing lows. The stock couldnt even make the $100 roll .