Long
SBE Long
On open on Monday I will be looking at options that expire next week or in Feb for the $49-50 range.
I will only enter the trade if the calls are well priced.
The share seems to have a 6-7 day cycle to the upside, so I wont need to give it a lot of time to move, which also means I can get more affordable (closer to the date) calls.
But this is also quiet speculative because if trades sideways on a new trend line, the calls will expire worthless.
For me this is the kinda trade where I dont mind spending 60-150 on calls and experince total loss if the trade does not go well.
I will only enter the trade if the calls are well priced.
The share seems to have a 6-7 day cycle to the upside, so I wont need to give it a lot of time to move, which also means I can get more affordable (closer to the date) calls.
But this is also quiet speculative because if trades sideways on a new trend line, the calls will expire worthless.
For me this is the kinda trade where I dont mind spending 60-150 on calls and experince total loss if the trade does not go well.
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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.