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Option Trading Idea Notes – Sep 3,2020

Folks as mentioned in the portfolio, SPY is in correction mode. Got to be nimble

PTON reached 50% retracement and a low of 77.25. It may head to 89 with a stop over at 85.90. May be buy enough time

HD went to a low of 272.17 and geared its head above 274.72 flat line support. Can get to 288 region.

DOCU went below the flat line support of 225.13 and closed above the line this can go up to 257.

Market may be volatile. Give enough time for the options

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