CL - Option play on earnings
CL seems a good shorting opportunity in earnings as it broke down all MA lines & showing downward momentum.
Moneyflow had huge divergence & broken down to the negative side. We think it will decline to $65 area shortly
CL's earnings in 6 days- October 27th, and on earnings we would consider November $70 Puts ($0.97) , December $70 Puts ($1.39) & January $70 Puts ($1.97)
Moneyflow had huge divergence & broken down to the negative side. We think it will decline to $65 area shortly
CL's earnings in 6 days- October 27th, and on earnings we would consider November $70 Puts ($0.97) , December $70 Puts ($1.39) & January $70 Puts ($1.97)
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