No explanation needed for what AI is. Or the stock. This is what I am doing and I don't recommend for anyone else.
This is an INTREND reversal trade. Reversal has been confirmed. Its also a way to get short if you think the market is ripe for a pullback.
Therefore, I will be only doing a VERY SMALL position - like 5 contracts.
ENTRY PRICE: 31.84
STOP PRICE: 34.50 (Green line)
TARGET: 27 (Blue line)
CONTRACT: JUNE 30PUTS FOR 2.20-2.25
IF STOPPED: calls would be worth .95, loss of 56%
TARGET: calls would be worth 4.20 at 27, gain of 96%
I will watch on Monday and update.
This is not investment advice. Nothing in this document should be construed as investment advice. The opinions offered are the Author's only. This document is for entertainment purposes only. Always consult with your advisors before investing any money. Readers of this document agree that they will not use this information to make investment decisions.