CRM - SALESFORCE - SHORT SETUP USING PUTS

Zaktualizowano
METHOD: Short SALESFORCE {price at entry 156.40} via:
+2 CRM 20 DEC 19 160 PUT @4.40 ; Trading with 0.75 of extrinsic value, well in the money.

STRATEGIES: Using CRM day chart:
  • The 20/50 Mean started a crossing downward pattern, and we can look for a new red cloud to form for a short.
  • The Fisher Transform bounce signal has failed and is now showing a continuation short near a critical support price.


TACTICS: The plan in terms of stock price:
  • STOP is price > 160
  • TGT1 153 scale; TGT2 148.75 to exit
  • Trail option price to Break Even once stock price < 154; OR consider scaling as red cloud becomes large
  • You may let the Fisher Transform and 20/50 mean together take you out technically for whatever you get win or lose.


Will update in comments,
B3
d^.^b
Zlecenie aktywne
Filled and on a good track to start. :)
Uwaga
"You may let the Fisher Transform and 20/50 mean together take you out technically for whatever you get win or lose." <--- this can be done as they have both gone long signaling that the short taken was part of a chop sequence, unfortunately.

The stop has not been reached for stock price, however, lower to high of today.
Stop = price >159 now which is super tight.
Transakcja zakończona: osiągnięto poziom stop
b3CRMTechnical IndicatorsMoving AveragesOscillatorssalesforceshortsetupvirtuosotrader

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