OptionsRising

Beautiful place to buy calls - have exit plans ready

Largo
OptionsRising Actualizado   
NYSE:DIS   Walt Disney Company (The)
Monthly 100-day SMA is at 95.38, yellow circle.
On weekly chart you will see support area, green dashed line.
Swing trade or day trade.
Operación activa:
I bought weekly 100 calls at $1.00, when stock was below $94 after trading halt. When option volume is low (only a few hundred for this strike) and bid/ask prices are wide spread, I prefer to use a conditional exit order to control my loss. If stock trades below 95, sell to close at limit of 1.10
Comentarios:
IV staying high so changed conditional price to "94". I adjust exits based on my charts, and I saw this 11:15 drop as a possible retest of morning lows. Also you see long bottom wicks on 30m candles, meaning that buyers stepped in.
Comentarios:
cancelled conditional order, watching chart for retest of morning lows and bounce. hourly indicators (like previous post on divergence) take time to play out, and my risk is very low.
Operación cerrada manualmente:
I added more calls at $0.80 and close all at $2.10.
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