Trade Idea
Updated
Trade Idea is Nike (Long Position)
Not anticipating new high so along with the long position is to sell calls at strike price of $82.50 or $85 to pocket some premium
Entry is 76.38
Initial Target is 78.80
Second target is 81.46
Stop is 73.58
Not anticipating new high so along with the long position is to sell calls at strike price of $82.50 or $85 to pocket some premium
Entry is 76.38
Initial Target is 78.80
Second target is 81.46
Stop is 73.58
Note
if the trade idea does not trigger, it is positive because it means we did not get Fib retracement predicted. Sell call option as a cover to your trade because it earns you premium.
Trade active
The trade is active and with a 0.33% current profit. On CFD 800 shares in profit for £151.40.
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