Short CMG for Gap Fill to 447.65

4 gen 2016

Quick short here with CMG loosing key support at 472. That gap from Oct 2013 at 447.65 is just screaming for attention! Look to short below 472, but after a potential bounce tomorrow off of today's broader market oversold levels. Target at 447.65. Keep your stop at 472 for Risk/Reward of 1.87x. CMG Calls are trading at a new 52W high IV, again! Consider expressing the short via selling expensive calls.

6 gen 2016

Trade chiuso: obiettivo raggiunto

Gap has been filled. Will be closing this short on the open this morning.