Trump wins? $DJT to fall into election, then rally after?

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I've been watching the DJT chart for a while now. I originally took a trade at $17 with intention to hold, but got scared out of the position on the loss of $16. It ended up bottoming at $13. Since then, it's gone 3x with people anticipating a Trump win.

We've corrected in the last few days and the chart looks like it wants to see more downside into the $27-20 levels. That's where I'll start scaling into positions in both spot and calls.

To me, that looks like a great buying opportunity. On higher timeframes, it looks like the stock is getting ready for a large move above $100 post election.

Let's see how it plays out over the next week.

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ملاحظة

Didn't get the best entry, but got in at open this morning. 1/4 of a full position. Will keep this sizing unless we see a retrace.

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ملاحظة

Brought to 2/4 of a position

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Added full position here

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تم فتح الصفقة

Bought 5 $32.50C for 11/15 for $2.13

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ملاحظة

Got a text from my friend that DJT was down 20% this morning. When I looked price fell right into the initial support I had on the chart. Dips are for buying. Not even scared one bit.

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ملاحظة

added 25 $50C for 11/15 too at $.42

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ملاحظة

Note there is still the possibility of price going to my lower targets.$21 and @$25.6 so those would be the next two buy levels. Also, I took very short dated options which is high risk, I'm not recommending them. Longer expirations would be better. Just sharing my positions.

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ملاحظة

Ended up getting the bounce. Now up 60% and 70% so far.

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ملاحظة

Ended up exiting today (+30% on the $32.50C and small loss on the $50C -41%). Ended up equaling each other out.

I don't know if I like the price action here. So want the chart to provide some more clarity before reentering.

Maybe we do get the bottom supports first.

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ملاحظة

Update here. I think we see the lower support before the bounce higher. I'm looking for an entry at $21.

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ملاحظة

Despite the news, the chart still doesn't look bullish to me yet. I will wait another 1-2 weeks to enter a position.

Thinking a $21 entry is possible and options out to Jan-Feb.