Countertrend WSB P&D: Sell Vertical Spreads at Resistance

2021年7月28日

TLRY has broken its trend on negative CMF volume. Today's 22% gain ran into resistance (center bollinger band) and seems likely to pull back to the central ribbon support/breakout area in the next few days.

Selling vertical spreads on WSB pumps often turns out well. You can get the 15.5/15 for even money.

2021年8月2日

交易結束：目標達成

Since the closing price was below 15 on July 30, we collected the full amount of this trade.