SPXL Option trade idea
looking at our levels, it appears we have just broken out of a falling wedge/pennant and are approaching an old pre-covid horizontal at ~($45). I will be entering a long position with a call spread with the entry price and exit price as my strikes for the long and short calls. Disclaimer: I am not a financial advisor, this is not financial advice. due your own research and due diligence before entering a trade. always consult your financial advisor before making a trade.
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.