The easiest thing to do is prepare. If you don’t, on behalf of the other market participants, we thank you.
The front month’s IV is up almost 15% and overall IV was up 3% which makes the option little bit expensive compared to many other stocks but the stock came under our radar when the price finally broke down both 20/50-day moving average on noticeable volume above 10ema average. It’s worth noting that the long-term trend line which many professional traders use to gauge the strength of the trend is below the stock price at least 34% which makes the stock in an uptrend and strong but that could change. This trade is only short-term or swing trade, and details are on the live-blog. Click here to access