Recent breakout of a larger bull flag has resulted in a consolidating bull flag above it. It also somewhat backtests the larger bull flag.
Small long with two 750/760 call spreads. If the market continues to move strongly and CMG bursts above 760 it should be about a 3-4x gain.
Small long with two 750/760 call spreads. If the market continues to move strongly and CMG bursts above 760 it should be about a 3-4x gain.
Note
So far so good.The option premium spreads are nasty in CMG, so I'll just hold my small position into next week.
Trade closed manually
Seeing the market choppy this morning, I closed the spread for a double.Note
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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.