We can enter longs in WFM here, back at weekly mode support, as well as a Key Earnings Level. Since Vix is high we can sell puts at the money for easy returns, for instance, December expiry puts or calls. We can take a long stock/short calls position alternatively, but puts should be a good idea for sure.
Buy/write: 35 strike calls / Jan '17 20th expiry. Determine the amount of shares based on stop distance, risk 0.5-1%. Write: at the money puts with same expiry.
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Cheers!
Ivan Labrie
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註釋
Seems promising.
註釋
Relative strength is strong in this one. Market down, WFM goes up and closes above weekly resistance.