Dan Deming looks at ETSY with caution after the stock reported enormous year over year positive comparisons. Nonetheless, the stock broke down technically after the report and is testing the 200 day moving average institutional level of support. Dan sees additional weakness in the name, so he sets up an out of the money short put spread to capture premium on a defined risk basis as the stock finds technical footing.
Morning Trade Live
07 May 2021
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