Options Hunter Blog

Macd Divergence & Double Top means a 230% return

doubletop macd macd divergence macd indicator option trading option trading strategy options trading strategy May 20, 2019

ALGN formed a 10-day double top , MACD diverging down. MACD says price should be around $315. OTM May 24, 2019 315 puts traded at close on May 16 around $1.65. May 20 these traded at $4.20 cant complain about this 230% gain in a couple days. Further OTM options may have yielded even greater gains.

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