Updated
Honeywell ( $HON ) possible double bottom?
I'm looking into 
HON providing a double-bounce on the daily chart. Linear Regression and the Regression clouds show it is below value, but I have not checked for catalysts. This one's on my watch list.
HON providing a double-bounce on the daily chart. Linear Regression and the Regression clouds show it is below value, but I have not checked for catalysts. This one's on my watch list. Trade active
Honeywell stock has increased -- gapped up today slightly, and increasing it's rise. I've opened a position with a couple of 5/18 $148.00 calls that I plan to sell once the stock reaches my price target of $147.00. I don't know if we'll see $148 by end of week or not, so I'm going to jump ship if my PT is hit or time decay of my calls starts to drag down my returns.
Trade active
Looking for exit. My calls are expiring 5/18 and I plan to close my position today ( Friday 5/11 ). Currently
HON closed at $147.30 and I'm o.k. taking profits at this price. I'll likely sell my calls within the first hour to close out for the weekend. Nice profit made. I have a small portfolio and this was a fun learning experience that helps affirm the potential of the chart pattern I've been studying.Trade closed: target reached
Closed my 2x $148 5/18 Calls at a limit price of $1.01 with an initial purchase price of $0.57 for a total gain of $88.00. I'm happy with that, given that I'm unsure of the near-term future of
HON 's price. It hit my $147 PT but didn't immediately seem to want to climb to $148, so I'm o.k. stopping here.
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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.