Here is a great trade made in Mattel (MAT), which designs, manufactures, and markets a range of toy products worldwide. There are a few indicators in this chart – not just the support level breakdown – which helped to confirm this move lower. Using multiple indicators is just one of many topics covered in Maverick's curriculum.
There are many different trading strategies available to take advantage of this type of setup in the options world. In this case, our trader's personal Trading Plan directed the trader to buy a diagonal put spread, giving the position added time for continued weakness in the stock and further gains.
Typically, for the strategy chosen, the risk is the premium paid and our traders aim for a 50%+ return. At Maverick Trading, we pride ourselves on our community of traders. Every week in our live Trading Room, our traders share their favorite new trade setups (like the one above from last week) with all of their fellow Maverick traders.
NOTE: Chart(s) courtesy of FINVIZ.com.
There are many different trading strategies available to take advantage of this type of setup in the options world. In this case, our trader's personal Trading Plan directed the trader to buy a diagonal put spread, giving the position added time for continued weakness in the stock and further gains.
Typically, for the strategy chosen, the risk is the premium paid and our traders aim for a 50%+ return. At Maverick Trading, we pride ourselves on our community of traders. Every week in our live Trading Room, our traders share their favorite new trade setups (like the one above from last week) with all of their fellow Maverick traders.
NOTE: Chart(s) courtesy of FINVIZ.com.
