(www.tradingview.com/x/ygtQnBYx/)
Status: Open 03/06/2020
Idea: Selling the company's shares through the purchase of Put options.
Expiration Date: 10/16/20
Strike: $12.00
Target price: $9
Max price: $105
Option target price: $365
Risk/Reward Ratio: 1/3.5
Position volume: no more than 5% of the Deposit
[(www.marketwatch.com/...on/TIME#V1620D120000)
TME shares are in a downward trend. According to the chart, prices are at the upper limit of the trading range. There is reason to believe that there will be a rebound from the level. The formal reason may be news about the deterioration of trade relations between China and the United States. Chinese companies are also prone to manipulating financial statements, which creates additional risks. A clear example of such risks is the recent lucky Coffee (LK) scandal.
Status: Open 03/06/2020
Idea: Selling the company's shares through the purchase of Put options.
Expiration Date: 10/16/20
Strike: $12.00
Target price: $9
Max price: $105
Option target price: $365
Risk/Reward Ratio: 1/3.5
Position volume: no more than 5% of the Deposit
[(www.marketwatch.com/...on/TIME#V1620D120000)
TME shares are in a downward trend. According to the chart, prices are at the upper limit of the trading range. There is reason to believe that there will be a rebound from the level. The formal reason may be news about the deterioration of trade relations between China and the United States. Chinese companies are also prone to manipulating financial statements, which creates additional risks. A clear example of such risks is the recent lucky Coffee (LK) scandal.