I got a good hit on my last earnings play which I didn't post TRV so I'm going for one on this.
Put Spread $232.50/220 Cost per spread was 4.36 Holding 2 spreads. Nov 8 exp
We will see what happens. Looks like a small bearish divergence. God speed.
IMAX seems running within an upward channel, also forming a possible bear flag formation. On the other side we have the earnings coming in 2 days. So we would like to take advantage with option, and we would consider $31 March-17 Puts, last traded for $1.25
* Trade Criteria *
Date First Found- February 19, 2017
Pattern/Why- Upward channel, Possible bear flag,...
