Weekly downtrend wedge bottom line Huge volume near the turning point RSI Divergence OBV>OBV20 (weekly OBV SMA20)
Entry 1.3 Stop 0.8 Target 4.6
Risk management is much more important than a good entry point. The max Risk of each plan should be less than 1% of an account. I am not a PRO trader. I trade option to test my trading plan with small cost.
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BuyToOpen (BTO) 2022 C1.5 0.45x10 No Stop Prepare to Sell C3 or above
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Today, I Found 2023 Jan 5 Call, 5.5 call and 7.5 Call could be sold at good price, Buy 2023 C1 0.75x10 C1.5 0.65x1 -- only one contact filled Sell C5 0.4x5 C5.5 0.35x1 -- only one contact filled C7.5 0.3x5 To reduce the cost in one stock, I sold 2022 Jan 5.5 Call 0.15x10
The avg of all above, 2022 C1.5/5.5 and 2023 C1/C5 hold $4 call spread with cost 0.3, Plus: 2023 C1 has 0.2 ITM value today.
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one more limit order had been filled. bought 230120C1.5 0.6x5 Sold 230120C5 0.4x5 Combined is C1.5/5, cost 0.2x5.
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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.