Great set up for a call options play.
I will be shooting for some $75 strike weekly or (safer bet) 12/9 exp. You should aim to try to get these while price is slightly OTM (so around the $74 range). Ride this puppy up to $77 ($77.14 to be exact) and TP there.
Setting my RR to around 1.4 which is targeting the last demand gapped zone around $73.
This is the ideal setup for these plays.
I will be shooting for some $75 strike weekly or (safer bet) 12/9 exp. You should aim to try to get these while price is slightly OTM (so around the $74 range). Ride this puppy up to $77 ($77.14 to be exact) and TP there.
Setting my RR to around 1.4 which is targeting the last demand gapped zone around $73.
This is the ideal setup for these plays.
Trade closed: target reached
Called it!Dipped a bit lower than I thought we would, but we hit our targets!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.