Zoom Communications, Inc.
שורט
מעודכן

ZM - weekly chart and Directional Volume Indicator say it all

457
I bought July 17 expiry 200 puts.
Directional Volume tells me that buyers have run up the price, and when there are no more, this indicator turns and there is selling.
Today might close as a bearish engulfing candle.
I use 60min chart to support this weekly look. Want to see 10sma cross below 20sma and both sloping downward. Also looking for RSI to follow stochastic below 50 (60m chart).
הערה
I will be holding ZM puts into next week, regardless of what price does on Friday. My real capital at risk is a small percentage of my account and I have time in my option.
עסקה פעילה
stock opened higher, but struggled after first 30min. Since this is a July expiry I am holding, allowing time for this option to become more valuable.
Note - with stocks like this, that can move a lot in short time, keep trade size small enough that you can hold the paper loss, or even take it. Or you exit for a good technical reason on your timeframe. Example, I bought BA 200 strike calls a while ago when stock was low. my $5 option was worth 70 cent at one point because stock price was sideways. I had time though, and suddenly the buying rush happened. My option sold for over $20.

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