Forgot to publish this idea a couple weeks ago:
BOT +2 VERTICAL EEM 100 20 SEP 19 42/41 PUT @.25
- pays 150 on max profit at 41 range on expiry
- breakeven at expiry 41.75. Needs a 2.7% drop to break even on the trade.
Slightly positive right now, and progressing well overall.
I put this trade on mid month when the EEM was around 43.
Looks like a type of H&S pattern forming. Watching the 42 range for neckline failure .
BOT +2 VERTICAL EEM 100 20 SEP 19 42/41 PUT @.25
- pays 150 on max profit at 41 range on expiry
- breakeven at expiry 41.75. Needs a 2.7% drop to break even on the trade.
Slightly positive right now, and progressing well overall.
I put this trade on mid month when the EEM was around 43.
Looks like a type of H&S pattern forming. Watching the 42 range for neckline failure .