ALGN May 16, 2019 double top and MACD divergence

 

ALGN formed a 10-day double top , MACD diverging down. MACD says price should be around $315. OTM May 24, 2019 315 puts traded at close on May 16 around $1.65. May 20 these traded at $4.20 cant complain about this 230% gain in a couple days. Further OTM options may have yielded even greater gains.

Stay connected with news and updates!

Join our mailing list to receive the latest news and updates from our team.
Don't worry, your information will not be shared.

Subscribe
Close

Get Timely insight into The Markets

Overall Market comments and individual stock analysis and review. Just for signing up we'll send you  Free 4 Laws for The trading the Markets