Taking Profits: Thurs Dec 20th, 2018 – NKE
Markets have reached an oversold level below 2 SDs of its mean on relatively high volume today. This typically translates to a high probability of a reversal higher, while keeping in mind the larger bearish trend of the market. We are using this opportunity to take profit on our short positions and look for opportunities to continue entering both long and short positions.
- NKE – 59% Gain: Long Jan 25 ’19 65/73 Put Vertical @ $3.74
Special Event: OptionsPlay Platform Walkthrough – An Intuitive Options Experience– Thurs 12/20 @ 4:15PM EST