MOMO 11/15 Calls are primed with China/US Deal on the table.
MOMO has both volatility and volume to make a decent move tomorrow and maybe the remainder of the week with next level of strong resistance at the 38.50 level. Nov. 15 calls with 38.50 strikes are trading at 700-1500% normal levels and the premiums are still relatively cheap. This makes for a decent day or swing trade as long as the China & US deal continues on the current track. Of course, like anything related to China as of late, all it takes is a whiff of bad news to send this trade spiraling into the neverland.
I predict that as long as China & US continue with positive news tomorrow and the remainder of this week, we will see good returns on the 11/15 expiry calls. Watch your risk and don't be afraid to bail out if the price suddenly dives. It won't recover!
I predict that as long as China & US continue with positive news tomorrow and the remainder of this week, we will see good returns on the 11/15 expiry calls. Watch your risk and don't be afraid to bail out if the price suddenly dives. It won't recover!
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