Mike Shorr joined Schwab Network’s Trading 360 for another Big Three with the Nasdaq at new highs, covering Coherent (COHR), Bloom Energy (BE), and ServiceNow (NOW). He breaks down a broken wing butterfly, a ratio butterfly, and an iron condor, one structure for each name.
Mike Covered:
- The level COHR needs to clear
- Why BE’s chart reminds him of COHR
- His BE ratio butterfly strikes and reward to risk
- The RSI signal that makes BE trickier than it looks
- Why high implied volatility pointed him to an iron condor on NOW
