Risk reward is 1:1. Multiple bullish signals.
Trade Entry
Feb. 7 expiry. Put Credit Spread. 8/10 strikes. $1.00 or more credit. Max risk $100. Max reward $100. POP 72%. (I would prefer better than 1:1 payout, so even trying for $1.05 or $1.10 makes a big difference). Minimum acceptable credit is $1.00.
Chart Details
Bullish flat bottom wedge forming in a consolidation since 2014 highs of $17+.
Price entering end of pattern.
Earnings on Feb. 4th.
Multiple gaps to fill up to $17.
10% increase in this ticker is less than $1 price increase. Good possibilities.
About Me
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Website will be ready for launch mid-January 2020.
Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish, MCD Bullish
Trade Entry
Feb. 7 expiry. Put Credit Spread. 8/10 strikes. $1.00 or more credit. Max risk $100. Max reward $100. POP 72%. (I would prefer better than 1:1 payout, so even trying for $1.05 or $1.10 makes a big difference). Minimum acceptable credit is $1.00.
Chart Details
Bullish flat bottom wedge forming in a consolidation since 2014 highs of $17+.
Price entering end of pattern.
Earnings on Feb. 4th.
Multiple gaps to fill up to $17.
10% increase in this ticker is less than $1 price increase. Good possibilities.
About Me
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Website will be ready for launch mid-January 2020.
Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish, MCD Bullish