$DISH LT Head & Shoulders - Unusual Options Activity

27 Des 2018

DISH Dish Network Corp -
Possible long term head and shoulders formation on weekly chart. Based on Fibonacci levels, long term target $14.50 by July 2019.

Bearish unusual options activity today -
- 5.4k $22.50 strike (OTM) Jan'2020 puts traded today for total premium of 2.5M against OI of 2,685 contracts.
- 13.3k $17.50 strike (OTM) Jun'2019 puts traded today for total premium of 2.1M against OI of only 874 contracts.



Note: Informational analysis, not investment advice.

28 Des 2018

Catatan

If both these options trades were made by the same party, it’s possible it was a long diagonal calendar put spread...selling the deeper OTM Jun’19 puts to almost fully finance the purchase of the nearer strike Jan’20 puts.