LONG $FB ~ FACEBOOK~ SETUP USING CALL-SPREAD ~ #OptionsTrading
METHOD: Long FACEBOOK {price at entry 198.39] via:
STRATEGIES: Using day chart:
TACTICS: The plan in terms of stock price:
Will update in comments,
B3
d^.^b
- +2 VERTICAL FB 100 (Weeklys) 27 DEC 19 195/202.5 CALL @3.75 ;
- Decay only threatening if losing the trade; 1:1 R:R.
STRATEGIES: Using day chart:
- The 20/50 Mean green cloud contracts, and we can look for a new expanding cloud to form for a long from the mean.
- The Fisher Transform bounce signal appearing near the mean.
TACTICS: The plan in terms of stock price:
- STOP is price < 196
- TGT1 202.34 to scale; TGT2 208 to exit
- Consider scaling as green cloud becomes large
- Consider exiting at 50% max profit
- 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, however, I had to readjust to price at entry 200:+2 VERTICAL FB 100 (Weeklys) 27 DEC 19 195/202.5 CALL @4.80
TGT 208 to exit
Trade closed: target reached
Win! Target Exit 208 hit with limit order.
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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.