Let’s take a look at question from Filipe.
Hi Hubert,
What do you think about Unilever potential for a bracket trade? Thanks. Best regards, Filipe.
I didn’t know the symbol for Unilever because I don’t really trade it much so I had to look it up. It’s UL is the stock symbol.
You might be able to get away and do a bracket trade. It may not work becasue what should kind of jump at you is a box of pain.
And actually it’s a rectangle thing. Anytime you see a stock do this stuff it is just a ginormous pain in your ass to try to figure out how to make money on it.
Back in the 90s there’s this company called channelingstocks.com they go buy here, sell here, buy here. It’s impossible to do.
And the ADX is a little low so it’s non-trending. To me it just looks like it’s dead money and not worth your time. But it is a bracket trade so you might be able to pull it off.
But what you have to do is going in ahead of time is I know probably not going to breakout that box one way or the other.
So if the bracket trade was to fire off which would be right here. There’s the bracket trade. It would be a long obviously with a target back above the cloud and maybe even up in this area.
But other than that I wouldn’t give it much of a fighting chance unless ADx started to time and tell you that is in a trend mode.
Andrew Keene is going to be doing a special webinar on Top Options Hack From Ex-Floor Trader Wednesday, February 3rd at 7PM EST. I will HYPERLINK you to the registration form.
Good luck. Hope it helps. See you on the next video.
Hubert.
