$MDLZ Unusual Put activity occurring today.

$MDLZ Unusual Put activity occurring today.  $MDLZ came up on our unusual put scanner right now.   Here is the FILTERED scan results:

2017-03-13_110646_mdlz

The filtered scan look for IMTF™ (multiple time frame Support/Resistances) with the unusual put volume.    This is the list of instruments for the SP500 that results at the end of the scan.   The scan shows the average put volume is 263 but today, the put volume was 5266.

One of the stocks we examined is the MDLZ.      Here is the daily chart provided by TradingView.

2017-03-13_111141mdlz_chart

 

Here is the same chart in Tradestation

2017-03-13_111823tradestation

On the daily, we have a green shaded area which indicates a bullish setup.  The bullish setup is within a consolidation pattern.    We also have black crosses which are the swing/long supports which is good for a pull back.    Therefore, we can enter a pull back at the Black cross or breakout at the blue dots above price.    It has a 4:1 Reward/risk for the Pull back trade.

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About the Author Manesh Patel