prvtrader 12:53 pm on Friday, March 10, 2017
Tags: BePS ( 3 ), DebitSpread ( 5 )

#DebitSpread #BePS BTO Apr 13…

#DebitSpread #BePS
BTO Apr 13 ALXN 129/124 BePS for $2.40

Jeff 12:57 pm on Friday, March 10, 2017

What is your reason for being bearish?
- prvtrader 1:11 pm on Friday, March 10, 2017
  
  I think that the market as a whole is bullish. However, these two stocks SBUX & ALXN look bearish on their charts. SBUX weekly chart shows the stock on a slow bearish movement since its peak on Oct last year. Support seems to be at least $2 below today’s open.
  ALXN is also in the same pattern and it has been since 2015. So its natural projection is down.
  I went long instead of selling BeCS because on both the IV is very low.

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