LONG $AMT ~ LONG SETUP via SELLING PUT SPREAD ~ #OptionsTrading
METHOD: Long AMERICAN TOWER {price at entry ~ 215.60} via:
STRATEGIES: Using AMT day chart:
TACTICS: The plan in terms of stock price:
Will update in comments,
B3
d^.^b
- -2 VERTICAL AMT 100 (Weeklys) 27 DEC 19 220/212.5 PUT @4.20 ; !! may be tough to fill !!
- Trading @ medium IV so going for a positive R:R play
- Decay helps if price > 216 and hurts if below;
STRATEGIES: Using AMT day chart:
- The 20/50 Mean looks set to make a green cloud after mean crossed.
- The Fisher Transform line signaling an oscillation long.
TACTICS: The plan in terms of stock price:
- STOP is price < 212
- TGT1 220 to exit (5:3 Reward:Risk)
- Consider exiting at 50% max profit ($840/2) or better
- We may let the Fisher Transform and 20/50 mean together take us out technically for whatever we get win or lose.
Will update in comments,
B3
d^.^b
Trade active
Filled.Trade closed: stop reached
Stop reached ... the stock is on a skid on a dull day in the rest of the market. Humm..
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.