Well about a minute ago I added to my short position on Keurig Green Mountain. Bought SEP 15 85 Strike Puts.
Not letting go of them unless price goes back above $110.00 or if all goes well until price reaches the $60.00 area. If the trade does end up going according to plan then I will re-evaluate the position at the $60 area and decide on whether to continue averaging into the short position or not.
Do note that price is reaching the W1 Chart 200 Moving Average, but that also on the D1 Chart price broke through the key $90.00 support without much resistance from buyers.
I also will be taking off some of the previous position entered during the last post at the -618 Extension at $82.20
Cheers and good luck =)
Not letting go of them unless price goes back above $110.00 or if all goes well until price reaches the $60.00 area. If the trade does end up going according to plan then I will re-evaluate the position at the $60 area and decide on whether to continue averaging into the short position or not.
Do note that price is reaching the W1 Chart 200 Moving Average, but that also on the D1 Chart price broke through the key $90.00 support without much resistance from buyers.
I also will be taking off some of the previous position entered during the last post at the -618 Extension at $82.20
Cheers and good luck =)
