On my radar is this energy sector company called Valero Energy Corporation, Ticker: VLO
The idea details:
Ideal Entry @ $136.00
Ideal Stop @ $125.25
Ideal Target(s) @ $146.50, $160.25 & $167.25
Option Proxy:
Expiration: June 16, 2023
Strike: 150
Ideal Entry Price: $8.00
Ticker: .VLO230616C150
Trade Plan:
Entering trade at approximately $136.00 would be ideal, upon testing target 1 @ $146.50 we’d sell 1/3 of our position booking partial profits, at that time we would also move our Stop to our ideal entry @ breakeven. Upon testing target 2 @ $160.25 we’d sell another 1/3 of our position booking additional partial profits, at that time we would also move our Stop to where we took our first profits @ target 1. We’d allow our last 1/3 to run towards our final target or stop us out for profits at the target 1 location. Maintain Option Proxy profit taking in conjunction with the underlying stock price.
The idea details:
Ideal Entry @ $136.00
Ideal Stop @ $125.25
Ideal Target(s) @ $146.50, $160.25 & $167.25
Option Proxy:
Expiration: June 16, 2023
Strike: 150
Ideal Entry Price: $8.00
Ticker: .VLO230616C150
Trade Plan:
Entering trade at approximately $136.00 would be ideal, upon testing target 1 @ $146.50 we’d sell 1/3 of our position booking partial profits, at that time we would also move our Stop to our ideal entry @ breakeven. Upon testing target 2 @ $160.25 we’d sell another 1/3 of our position booking additional partial profits, at that time we would also move our Stop to where we took our first profits @ target 1. We’d allow our last 1/3 to run towards our final target or stop us out for profits at the target 1 location. Maintain Option Proxy profit taking in conjunction with the underlying stock price.
Note
Target 1 @ 146.50 has been acquired. ROI: 7.72% on Stock, 46.86% on Option. Move STOP to Breakeven / Entry.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
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.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
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.