WMT - Short from $77.53 to $72.53; $77.50 September Puts
WMT is going down after its recent earnings release. It has huge insider selling & overall looks very good as short. We think it has good downside potential, and to play this we would consider September $77.50 Puts which are $0.85
* Trade Criteria *
Date First Found- August 24, 2017
Pattern/Why- downward momentum short
Entry Target Criteria- Break of $77.63
Exit Target Criteria- $72.53
Stop Loss Criteria- $81.07
Please check back for Trade updates. (Note: Trade update is little delayed here.)
* Trade Criteria *
Date First Found- August 24, 2017
Pattern/Why- downward momentum short
Entry Target Criteria- Break of $77.63
Exit Target Criteria- $72.53
Stop Loss Criteria- $81.07
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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