TopOptionsAIerts
Nov 12, 6:27 AM
$AMAT DEC18 410C · still actionable
Zone:
$392.31 to
$397.85
Invalidation: close under
$381.75
Objectives:
$418.78, then
$442.49
The math: up 6.0% to the first objective and 12.0% to the second, against 3.4% risk on the invalidation, better than 3 to 1 to the second.
I like this swing because Wednesday closed it at
$395.08, up 6.05% on the day, three sessions after the washout low at
$316.95 on Nov 5. Earnings land Thursday after close, so the Dec 18 expiry gives this room past the report. The zone is tight and the invalidation is clear, so you know where you are wrong before the move starts. If
$381.75 holds,
$418.78 is the first spot to watch for buyers showing up again.
Watch:
$404.71, the Wednesday high. A close over it shows buyers still in control.
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