CARS Trade on Mar 21, 2019 11:38 from kerobo0000: Tradervue User Stock Trades.

Rationale:
-elevated IVR, but the reason why is unclear
-sold puts because CARS appears to be at a potential swing low when looking at the daily chart

IVR=76%
IV/HV=136.5%
potential ROC=115/501=23%

Trade Planning
-structure: naked put
-major support: $22.10
-add point: NA
-stop loss: $115-230 (1-2x credit)
-take profit price / risk-reduction plan: 50% premium capture

2019-03-22 16:37:41
-CARS fell off a cliff today (down 6%) - still holding the puts but may sell the Apr 20 puts as well if this trade stays within risk limits
-CARS is exhibiting some call skew - dig in to try and understand why or determine how to capitalize from it