OPTIONS TRADERS CO-OP

[royg1927]

FB 123 puts entry at .71. 10:47 a.m.
5-minute chart:

RSI diving through 50
WSm%R diving to 50
Two consecutive red volume candles
MACD histogram topped and lower
Sto's 5,5 and 14,3 diving from peaks over 80
Accum/Dist, Chiken Osc, and OnBalVol down from early session.

Nice set of indicators, but no guarantee of extent of the expected decline.

Edit: Indicators are well into oversold. I am watching for bottoms/upward reversals to signal exit.

Last trade this strike was 1.20 from .71 entry, equals plus 69% gain so far.