Taking advantage of the bearish market movement today.
SPY still holding above support area of 106.
Taking a gamble, because I think market is still bearish. Down .85% so far today.
But
DIS had strong move yesterday, so I think today are people taking profits.
As long as it holds 106, I am 75% confident we will have a good day next week.
Other 25% depends on the general market next week.
I am going for a 1:2 risk reward ratio.
Bought to open 110 april calls w/ 37 DTE
Risk was selective, below previous low of 102.75
Possible 100% return at 112, therefore target is 112
SPY still holding above support area of 106. Taking a gamble, because I think market is still bearish. Down .85% so far today.
But
DIS had strong move yesterday, so I think today are people taking profits. As long as it holds 106, I am 75% confident we will have a good day next week.
Other 25% depends on the general market next week.
I am going for a 1:2 risk reward ratio.
Bought to open 110 april calls w/ 37 DTE
Risk was selective, below previous low of 102.75
Possible 100% return at 112, therefore target is 112
Related publications
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.
Related publications
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.