In this yelp position trading video, I am going to do an update on the yelp trades done from 3-18 through 3-28. A couple of the key decision points in the video are: (1) why ratio call spreads were done in one case but not others (2) a renko trade that was counter momentum on the position chart and projecting the price of a price momentum divergence.
When we discussed the labelled renko chart and the different stock and options position trading scenarios that could be made, we were looking at a renko chart for yelp. This video now goes through those same marked areas, along with the yelp position chart, and discusses the actual trades that were done.
In this position trading strategy video, I am going to use a renko chart to discuss trading scenarios at 7 different locations based on the following: (1) what direction is the position trading (2) are you a stock and options trader or an options seller that does protection trades (3) are your options sells based on completing strangles or ratio spreads.
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