Shorting Amsterdam listed Aperam (APAM) is the 4th trade in the challenge. Unusual volume was the first reason this stock caught my eye. Before its most recent pullback, the stock's volume increased heavily (indicating possible insider selling). Coupled with a short on the B52 Strategy and the AlphaR strategy, this stock looks to continue test support levels. Will it breakdown or is this a false signal? Once again, instead of an actual short, I utilised Options.
Trade Details
09/07/2018 09:27 09/07/2018 Buy 3 AP P30.00 21DEC18@0.55 EUR (NLENX0929077) AP P30.00 21DEC18 EUR -165.00
In summary, I purchased 3, 30.00 puts at a cost of 55c or EUR165. The expiry date for these options is December.
Trade Details
09/07/2018 09:27 09/07/2018 Buy 3 AP P30.00 21DEC18@0.55 EUR (NLENX0929077) AP P30.00 21DEC18 EUR -165.00
In summary, I purchased 3, 30.00 puts at a cost of 55c or EUR165. The expiry date for these options is December.