DARWIN FIREWORKS TRADE PICK IS CI
CI is showing that there is a potential Fireworks trade. This is a trade where one could use an at the money short time spread. This could lead to a spark with targets near 134 and 160. Traders want to not let theta get the best of them and take off at the target prices. This means taking off the leg that hits the target and letting the other expire if the move has drained all premium left. Aggressive traders can look to trade CI as a strangle with the strikes near the targets.
Paul "Bulldog" Hudson, Chief Investment Officer
Darwin Investing Network