AEO - Chart Link - reversion to mean short
trade setup from last night's letter, with today's rally, if the
stock closes strongly, the trigger can move up to 50% of today's
candle. Also the 60 min chart still has divergence in place which
is what we like to see, but need a trigger, so nice to see it will
be at a higher price
sitting on a long equity short (sept) call position. will be
'listening' tomorrow for timing to leg out (sell long then wait a
bit and cover calls).
, would hate to be naked short
calls overnight though.
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AEO comments
Posted by matt on 26th of Aug 2014 at 02:56 pm
AEO - Chart Link - reversion to mean short trade setup from last night's letter, with today's rally, if the stock closes strongly, the trigger can move up to 50% of today's candle. Also the 60 min chart still has divergence in place which is what we like to see, but need a trigger, so nice to see it will be at a higher price
AEO - Chart Link
good timing
Posted by hazbin1 on 26th of Aug 2014 at 03:15 pm
sitting on a long equity short (sept) call position. will be 'listening' tomorrow for timing to leg out (sell long then wait a bit and cover calls).
, would hate to be naked short
calls overnight though.