ZM Bearish – Lower high in 1D chart . For this play to work we need : • Zm to go back to 420 – 425 and reject , come back down from here . • Zm to go back to 436-440 ( Red line ) and reject . ** This trade will not work if we break above 440 . Target for this trade : • 1st Target 400 -397 • 2nd TG 390 • 3rd TG 370- 368 • 4rd TG 345 • Last target 300 – MA 200 In daily chart
How to play 1. Debit Put
• buy 400 put and sell 390 put Nov 27 • buy 380 put and sell 370 put Dec 4 • buy 370 put and sell 360 Put Dec 4 • BUY 350 – 340 Put Dec 18
2. Credit call
• Sell 430 call buy 420 call Nov 27 . ( IF ZM reject at 420 – 425 ) • Sell 450 call buy 440 call Nov 27 ( IF ZM reject at 436-440 )
3. Buy 400 Put or 420 put NOV 27 or Dec 4 Last few thing : • Don’t GO ALL IN • Only risk what you accept to lose or cut loss if this trade not go in our favor. • Take profit along the way