Forex Stock Exchange Forum
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Forex Stock Exchange Forum

Forum About Trading on Forex,Stock,Binary Options, CryptoCurrency and NFTs

PAMM StratoFounds

You are not connected. Please login or register

Valeant Pharmaceuticals International, Inc. (VRX)

Go down  Message [Page 1 of 1]



Valeant Pharmaceuticals International, Inc. (VRX), $15.98.

daily chart
[You must be registered and logged in to see this image.]

Trade:  We recommend selling 10 Apr $12.5/7.5 bull put spread (65 DTE) at around $.49/share (closing mid-point).  Note:  Holding over 2/28 earnings is higher risk.
Strategy:  Breakout daily after bullish retest, bottoming action weekly chart after nasty retracement from highs of over $260.

Max Gain:   Credit received.
ROI:  10.8% ($490/$4,510 max risk).

Max Loss:  Spread less premium received.
Stop Loss:  $12.88.

source: mastertrader

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum