MS seems to be shaping up for a potential short term trade, as long as it makes a new low after the first hour on Monday. It crossed below the 50dma on Friday, and there is no lower resistance point, so it could make a six month low of 54.90. It is currently trading at 63.
The MS NOV 65 PUT is asking 4.10, with a stop loss at 3.20 (or a potential loss of 22%). The target is 10.0 (or a potential gain of 143%).
I will watch this one on Monday and trade if it makes a new low after the first hour.
+++ update - MS failed to make a new low after the first hour, so no trade.
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