This structure is taken in regard to fib ratios, its possible and i reckon is good as a backup plan if prie action seeks the top of trendline.
With most Call options expiring for 145$ OTM with some being large institutions, we can assume that Institutions in this regard will be looking to exit safely out of this trade with 145$ being positioned at the 0.618 / 0.5 fib ratios.
In addition to, it meeting the top of the trendline... So who am i to say it wont happen.. right?
#AMC300
Not financial advice.
LFG
With most Call options expiring for 145$ OTM with some being large institutions, we can assume that Institutions in this regard will be looking to exit safely out of this trade with 145$ being positioned at the 0.618 / 0.5 fib ratios.
In addition to, it meeting the top of the trendline... So who am i to say it wont happen.. right?
#AMC300
Not financial advice.
LFG
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