Jul 29, 2014 01:57:07 PM EST , we received a Ichimoku 5 time frame sell email alert on the stock MNST, Monster Beverage from the Nasdaq 100. Here is the email alert:
We are going to setup the trade on the 60m time frame. We will looking into options once price gets to the pull back level specified on the charts. If the Option Greek agree, then we will put an option trade to go short on this stock instrument. If the option greeks are not good, we will “walk away” from this opportunity. The entry will be 66.18, initial stop of 66.41, and a preserve mode of 64.71. This would give us a min. reward of 1.48 and a max risk of 0.24. This is 6:1 + reward/risk i.e. 600+%. Here is the chart setup:
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