Domino's Pizza tanked after I got a short signal on my proprietary indicators and shed 9% after missing 1Q earnings. It quickly hit 50% Fibonacci retracement before bouncing and I'm happy with that move in my favor to close my put spread for a nice 136% profit on half a position:
Closed DPZ put vertical at 125/140 for $12.25 for 136% profit
See original post with trade setup here.
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PLEASE NOTE: THIS IS AN ELLIOTT WAVE BLOG EXPRESSING AN OPINION AND IN NO WAY GUARANTEES OR IMPLIES ANY PROFIT OR GAIN. TRADE AT YOUR OWN RISK.
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