$JETS risk reversal

Global Jets ETF JETS was the stand out sector today up 1.91% on strong volume.. the chart is looking interesting.. after being marked down throughout summer there appears to be a double bottom confirming with a RSI divergence, there is also a steep left sided skew.. to take advantage of this we’re looking at a NOV’19 $20/26 risk reversal for a credit of $0.06 with a profit target of $25 or stop loss of $21.. losses only occur on this trade below $20 which is 14% below the current price of $22.94..
Chart PatternsTechnical Indicatorsoptionsriskreversal

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