Interesting chart on DE its been toying with the top at around $170 for a while and pushing up to it today again. The MACD shows we should be down around $165. Not a big move down, bu the AUg 9 expiration 165 puts are at under a dollar so we'll grab a few for a pullback next week.
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so far up about 75% on this trade closing out half still a week from expiration but the market rally today if it continues tomorrow we'll close out the remainder
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well the remainder of this position is now at $7.73 and we are up 700% so I'm selling.
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DE is close to the support levels at $157.5 and bound to be some hesitation here, and as options traders with so few days until expiration I'm good with what we made
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blew thru support trading at $14 today, market conditions with the trade war hit DE really hard not surprising.