T is losing a rising wedge here, it is -0.6% on a day when the stock market is having a FOMO bounce.
T could get even weaker when the general market rolls over.
Fundamentally, a weakening economy makes T's massive debt burden harder to bear.
Would look to cover somewhere below the 50ma.
T could get even weaker when the general market rolls over.
Fundamentally, a weakening economy makes T's massive debt burden harder to bear.
Would look to cover somewhere below the 50ma.
Trade attivo:
I chose the Sept 20, 34 strike put for only 0.40.
Risk is very small.
Risk is very small.