my ta of Verizon

[christov84]

been watching this one for a lil bit just wondering how people would interpret this chart?

I am trading options on it and i am thinking putting spread as I think a breakout is about to occur. I just dont know which way..

 

[christov84]

spread did minimise losses sofar however sold call options as after today i had more confidence price was due to drop further.

 

[Kinnem]

 

[christov84]

put was correct in the end. 87%