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Synaptic724

SPLK Put Spread

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Synaptic724  
NASDAQ:SPLK   None
Chart Patterns Harmonic Patterns SPLK short putspread
3
0
chartpattern harmonicpatterns splk short putspread
$2.01 Cost of spread $110/105 Put spread

Exp Oct 18

Cost of max loss is $130. Max gain is $200

This looks rather bearish against the core market which made a breakout after RSI started to rally against reduced momentum on the bear side.

This trade looks fine. Probability is good and reward is decent too.
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