LYB - Short from current position to 30 area
LYB breaking down from a head & shoulder formation in short term & it has lot of insider selling from key investor. In long term it formed a descending triangle.
Now it had its earning released today & in reaction it did decline a bit, so we think it will decline breaking the triangle formation.
To trade LYB we would consider $80 March Puts (6.2)
You can check our detailed analysis on LYB in the trading room/ Executive summary link here-
youtube.com/watch?v=rx79s_EsaYk
Time Span: 7:45"
Trade Status: Pending
Now it had its earning released today & in reaction it did decline a bit, so we think it will decline breaking the triangle formation.
To trade LYB we would consider $80 March Puts (6.2)
You can check our detailed analysis on LYB in the trading room/ Executive summary link here-
youtube.com/watch?v=rx79s_EsaYk
Time Span: 7:45"
Trade Status: Pending
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