+2 PYPL 20 DEC 19 102 CALL @3. 40 ; Trading with 0.50 of extrinsic value, with decay only threatening if losing the trade.
STRATEGIES: Using DIS day chart:
- The 20/50 Mean green cloud contracts, and we can look for a new expanding cloud to form for a long from the mean.
- The bounce signal appearing near the mean.
TACTICS: The plan in terms of stock price:
- STOP is price < 102
- TGT 108 to exit
- Trail option price to Break Even once stock price > 106; OR consider scaling as green cloud becomes large
- We may let the and 20/50 mean together take us out technically for whatever we get win or lose.
Will update in comments,
Trail set. The options are up 61% at this point.