VERIZON ON THIN ICE!
Aktualisiert
Verizon has already has undergone its Head and Shoulder correction from $59.50 to $58 but what scares me is that its still trading under its 1st support level. Verizon might retest $58.00 price next week but if we go under there's a big gap down to $55. Lots of reward potential If you can call the right option on it. Puts at $55 looks tempting and rewarding. $55 is bottom and if we lose bottom next up is $53.
Anmerkung
VZ crossed the trend lines today. Tuesday should show us VZ true colors whether it goes back to 60 or down to 55.Anmerkung
Verizon blasted through trend lines but is starting to form another H&S. VZ is only being set up again so it can fall hard this time. Looking for 2-3 week ITM puts for VZ and maybe some OTM puts to triple up seems fair since more volatility is expected later in the coming weeks.Anmerkung
christiandeleon415just now
Verizon heading to 55 next week.
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