Short
OAS- Short at the break of 11.09 to 7.63
OAS seems forming a rising wedge formation & its breakdown support recently. Moneyflow was diverging & now crossed to the negative side.
If it breakdown the wedge formation It has potential to go down all the way to 7.5 area.
We are also considering $11 January-2017 Puts, last traded for $1.15
If it breakdown the wedge formation It has potential to go down all the way to 7.5 area.
We are also considering $11 January-2017 Puts, last traded for $1.15
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