BA Wedge Break Weekly Options Play
تم تحديثه
Description
Watching this wedge for BA. A close over the descending trendline in the wedge will trigger a long.
Seeing bullish convergence on weekly MACD.
Some good news has come out in the last couple weeks, indicating fine time for a supply/demand shift.
Using A call debit spread, because profits are always limited by time.
Call Debit Spread
Tentative Levels on Chart
SL is a daily close back in the wedge.
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
11/19 225C
SELL
11/19 240C
R/R & Breakevens vary on fill.
The long call is placed ATM for higher chance of profit,
The short call is placed to get the desired debit per contract.
The front-week options play is to capitalize on a swift movement following the break. I will look at opening some 2 or 3-month options as well, because its a large pattern.
Manage Risk
Only invest what you are willing to lose
Watching this wedge for BA. A close over the descending trendline in the wedge will trigger a long.
Seeing bullish convergence on weekly MACD.
Some good news has come out in the last couple weeks, indicating fine time for a supply/demand shift.
Using A call debit spread, because profits are always limited by time.
Call Debit Spread
Tentative Levels on Chart
SL is a daily close back in the wedge.
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
11/19 225C
SELL
11/19 240C
R/R & Breakevens vary on fill.
The long call is placed ATM for higher chance of profit,
The short call is placed to get the desired debit per contract.
The front-week options play is to capitalize on a swift movement following the break. I will look at opening some 2 or 3-month options as well, because its a large pattern.
Manage Risk
Only invest what you are willing to lose
تم حذف الأمر
Looks like BA will not reach the target today.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.